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(also called year-end adjustments) adjustments the business makes to accounting entries at the end of the accounting period to ensure that the presentation of financial statements is accurate.
(also called sole proprietor) type of business owned and run by one individual
nominal account used in the General Ledger of companies, close corporations and partnerships to...
GAAP principle that means that the activities of a business or accounting entity will continue...
subsidiary journal used to record all items purchased on credit for the supplier.
an asset that the business owns over a long term such as land and buildings non-current...