The first, a grade one strain to the rib muscle, is considered mild and usually heals within two to three weeks. A grade two strain is considered moderate with further damage to the muscle fibers and the healing time typically lasts three to six weeks.
consistency. A quality of accounting information that facilitates comparing a company's reporting of one accounting period to another. For example, the reader of a company's financial statements can assume that the company is using the same inventory cost flow assumption this period as it used last period or last year.or more on this term, search our site: Studies show that exam questions are a great way to learn and retain important information. Gain access to our 1,700 accounting exam questions (and answers) when you upgrade to PRO.
What is the process for Account Reconciliations? This account reconciliation process is generally carried out after the close of a financial period. Accountants go through each account in the general ledger of accounts and verify that the balance listed is correct and accurate.