Accounting 101: Translations Part II

It's time to resume Accounting 101. Tax season passed by fairly smoothly, but I'm thankful its at rest. Now we can focus on what I really enjoy - financial accounting. Let's dive back in with more terminology explained in plain English and with examples. These terms revolve around the common financial reports. Over the new few weeks we will learn more about these reports, so it's best to start with the terminology. 

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