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5 Cards in this Set
- Front
- Back
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Temptrary Accounting
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Accounts used to accumulate info untill it is transferred to the owner's captial account
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Accounting Cycles
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The series of accounting activties including financil info for a fiscal period
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Adjusting Entries
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Journal entries recorded to update general leger accounts accounts at the end of a fiscal period to the next year
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Post-Closing Trial Balance
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A trail balance prepared after the closing entries are posted
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Permanet Accounts
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Accounts used to accumulate info from one fiscal period
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