Trial balance. At the end of the accounting period (which may be a month, quarter, or year depending on a businessâs practices), you calculate a trial balance. Worksheet. Unfortunately, many times your first calculation of the trial balance shows that the books arenât in balance.
The terms employee welfare benefit plan and welfare plan mean any plan, fund, or program which was heretofore or is hereafter established or maintained by an employer or by an employee organization, or by both, to the extent that such plan, fund, or program was established or is maintained for the purpose of providing for its participants or ...
Really, any program in which the government provides money or services to citizens who are in need is a welfare program. As such, many programs that critics do not criticize could, in fact, fall into this category, and in these cases the term should be seen to mean primarily programs in excess of a certain base level.