Closing Entries
Journal entries made at the end of an accounting period to reset temporary accounts like revenue and expenses to zero. These balances are transferred to retained earnings or capital accounts. Closing entries prepare the books for the next period and ensure accurate financial reporting.
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Cash Management
Cash management is the process of collecting, managing, and investing cash in a way that ensures a business has enough…
Contractual Obligations
Contractual obligations refer to the legal duties a company is required to fulfill under agreements, such as leases, loan payments,…
Cost Behavior
Cost behavior refers to how costs change in relation to the volume of business activity, such as production or sales.…
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