Examlex
Which of the following is an umbrella term that combines architectures,tools,databases,analytical tools,applications,and methodologies?
Correcting Entry
A journal entry made to amend an error in the financial statements.
Closing Entry
Entries recorded at the conclusion of an accounting period for the purpose of shifting balances from temporary accounts to permanent ones.
Balance Sheet Account
An account displayed on the balance sheet, which includes assets, liabilities, and equity accounts, representing a snapshot of a company's financial position at a specific point in time.
Accounting Cycle
The collective process of recording and processing the accounting events of a company, from the initial transaction to the preparation of financial statements.
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