Examlex
Define decibel.
Adjusted Trial Balance
A compilation of every account along with their revised balances following adjustment entries, utilized in the preparation of financial reports.
Closing Entries
Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.
Temporary Accounts
Accounts used to collect revenues, expenses, and withdrawals for a single accounting period, which are then closed and transferred to permanent accounts at period end.
Capital Balance
The portion of the equity section in a company's balance sheet that shows the net worth attributable to the owners or shareholders.
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