Statement of retained The statement of retained earnings (retained earnings statement) is a financial statement that outlines the changes in retained earnings for a company […]
Revenues Revenues are the income generated from normal business operations and include discounts and deductions for returned merchandise. It is the top line or gross […]
Income Statement An income statement is a financial statement that shows you the company’s income and expenditures. It also shows whether a company is making […]
Stress Stress is a dynamic condition in which an individual is confronted with an opportunity, constraints, or demand related to what he or she desires […]
Normalization Normalization presents a set of rules that tables and databases must follow to be well structured. Database Normalization is a technique of organizing the […]
Completion of the accounting cycle The person maintaining the accounting cycle defines it as a systematic process of recognizing, analyzing, and posting the various events […]
Post-closing trial balance The last step in the accounting cycle is to prepare a post-closing trial balance. A post-closing trial balance is prepared after closing […]
Preparing financial statements from the worksheet Preparing financial statements from the worksheet has steps accounting cycle, which is important to know for all types of […]
Organizational Conflict Organizational conflict is the state of discord refers to the state of disagreement. It occurs when two or more parties feel themselves in […]
Worksheet and Accounting A worksheet is a multiple-column form that is used in preparing and adjusting financial statements. 3 types of the worksheet are; (1) […]
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