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The products of this reaction is
Financial Statements
Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.
Fiscal Year
A 12-month period used for accounting purposes that may not coincide with the calendar year.
Lifetime Operations
The entire period during which an entity or project is expected to operate or function, from inception to completion or cessation.
Adjusted Trial Balance
A compilation of all accounts along with their balances, updated after adjustment entries, which is utilized for the creation of financial reports.
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