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The essential self consists in
Adjusted Trial Balance
A listing of all the accounts and their balances after adjustments have been made, used to prepare financial statements.
Retained Earnings
The portion of net income that is kept by a company to reinvest in its core business or to pay debt, rather than being distributed to shareholders as dividends.
Revenue Accounts
Accounts that track the income generated from the sale of goods and services, investments, and other sources during the accounting period.
Expense Accounts
Accounts used to track the costs incurred by a business in the course of its operations, not directly tied to the production of goods or services.
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