Examlex
A corporation must conduct all of its business affairs through agents.
Equal Intervals
Regular, consistent spaces or periods of time between events or items.
Adjusting Entries
Bookkeeping records completed at the conclusion of a financial period to apportion revenues and expenses to the timeframe in which they truly happened.
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity, including income statement, balance sheet, and cash flow statement.
Cash Basis
An accounting method where revenue and expenses are recognized only when cash is received or paid.
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