Examlex
What ferromagnesian silicate mineral is named for its green colour?
Adjusting Entry
Journal entries made at the end of an accounting period to update account balances before financial statements are prepared.
Expense Accounts
Accounts used to record expenses in the general ledger, capturing costs associated with operating the business.
Salaries and Wages Payable
Liabilities owed to employees for work performed that have not yet been paid.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred, ensuring the financial statements are in compliance with the accrual basis of accounting.
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