trial balance
A listing of all the accounts in the general ledger and their balances as of a given date, usually prepared at the end of an accounting period to prov [...]
statement of changes in equity
A financial statement that reports all changes to a company’s owners’ equity over an accounting period, including total comprehensive income, owners’ [...]
revenue
The gross inflow of economic benefits to an enterprise during an accounting period in the course of its ordinary business activities, which is earned [...]
revenue recognition principle
The accounting principle that calls for the recognition of revenue in the period when it is earned, regardless of when the actual cash flow from the t [...]
realization
The process of converting noncash resources and rights into cash, which is achieved through the sale of an asset for cash or converting claims to cash [...]
