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Chapters 6 and 7
chapters 6 and 7
|A columnar accounting form used to summarize the general ledger information needed to prepare financial stements.
|Changes recorded on a worksheet to update the general ledger accounts at the end of a fiscal period.
|A financial statement that reports assets, liabilities, and O.E. on a specific date.
|A financial statement showing the revenue and expenses for a fiscal period.
|Concept applied when financial statements contain all information necessary to understand a business's financial condition.
|The Adequate Disclosure accounting concept.
|Percentage relationship between one financial statement item and the total that includes that item.
|Reports financial information on a specific date and includes the assets, liabilities, and O.E.