after-closing trial balance
A trial balance that is prepared to prove that the ledger is still in balance after the accounts are closed, containing only balance sheet accounts, w [...]
account
A formal record of a particular type of transaction, used to classify and summarize all business activity in monetary terms, and maintained in a ledge [...]
accounting
The collection, recording, classification, interpretation and reporting of the financial data of accounting entities, obtained through the bookkeeping [...]
adjusting event
A post balance sheet event that provides additional evidence of conditions existing at the balance sheet date. [...]
accrual
The recognition of revenue earned or of an expense incurred in an accounting period other than the period in which the cash inflow or outflow occurred [...]
