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Understanding Basics

Unlocking the Fundamentals of Knowledge

Understanding Basics

Unlocking the Fundamentals of Knowledge

  • Accounting
  • Finance
  • Economics
  • Management
  • Audit
  • Statistics
  • Computers
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Subjects

  • Accounting
  • Finance
  • Economics
  • Management
  • Audit
  • Statistics
  • Computers
4. Business Combinations

6. Net Identifiable Assets

Net identifiable assets in economics refer to the value of a company’s physical assets, such...

4. Business Combinations

7. Consolidation Worksheet

Consolidation worksheet is a tool used in accounting and finance to combine the financial statements...

4. Business Combinations

8. Consolidation Net Income

Consolidation net income is a financial metric that represents the combined net income of a...

5. Accounting Cycle

1. Accounting Cycle

The accounting cycle is the process of recording, classifying, and summarizing financial transactions to provide...

5. Accounting Cycle

2. Journal Entries

Journal entries are the first step in the accounting cycle and are used to record...

5. Accounting Cycle

3. Ledger Accounts

A ledger account is a record of financial transactions that relate to a specific asset,...

5. Accounting Cycle

5. Adjusted Trial

An adjusted trial balance is a financial statement that lists the balances of all the...

5. Accounting Cycle

6. Unadjusted Trial Balance

An unadjusted trial balance is a financial statement that lists the balances of all the...

5. Accounting Cycle

7. Adjusting Entries

Adjusting entries are entries made in the accounting records at the end of an accounting...

5. Accounting Cycle

8. Closing Entries

Closing entries, also known as closing the books, are journal entries made at the end...

Understanding Basics

Unlocking the Fundamentals of Knowledge

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