Examlex
A benefit of the client/server architecture is that it allows most processing to be performed close to the source of the processed data,thereby improving response times and reducing network traffic.
Interest Expense
The amount an entity pays over time for the use of borrowed funds.
General Journal Entry
A general journal entry is a record of financial transactions in the accounting records of a business.
Notes Payable
This refers to a written promise to pay a certain amount of money, usually including interest, by a specific date, and is recognized as a liability on a company's balance sheet.
Effective Interest Method
An accounting practice used to allocate loan or bond interest expense over the life of the loan or bond based on the loan's amortized cost.
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