Examlex
Ethics is the set of moral principles or values that defines right and wrong for a person or group.
Adjusted Trial Balance
An accounting worksheet that reflects the account balances after adjustments are made for accruals and deferrals at the end of a reporting period.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicating the profitability over a specified time period.
Total Assets
The sum of all assets owned by an entity, including both current and non-current assets.
Time Period Assumption
An accounting principle that assumes a business's complex and ongoing activities can be divided into shorter time periods, such as months, quarters, or years.
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