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Accountant Terms


  > Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.
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  > Cash Method Of Accounting
Accounts for income and expenses when actually received or paid.
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  > Base Adjustment
Adjustments made to the initial base level budget to reflect total base level funding available to the agency. The list of acceptable base level technical and policy adjustments are included in the biennial budget instructions. Adjustments are generally made on a technical or policy basis. Examples of technical adjustments are one-time appropriations and program sunsets. Examples of policy adjustments are salary increases and space rental changes.
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