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What is the process of altering readable data (plain text) into unreadable form to prevent unauthorized access?
Accounts Payable
Liabilities owed by a company to its suppliers or creditors for goods and services received that have not yet been paid for.
Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Permanent Account
An account in the general ledger that carries its ending balance over to the next accounting period, such as assets, liabilities, and equity accounts.
Balance Sheet Accounts
Accounts that appear on the balance sheet, representing the company's assets, liabilities, and shareholders' equity at a specific point in time.
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