Examlex
Tangible products such as computers,food,and cars are examples of:
Opening Adjusting Entries
Opening adjusting entries refer to journal entries made at the beginning of an accounting period to adjust account balances from a previous period.
Capital Stock
Represents the equity or ownership sections of a corporation divided into shares.
Opening Balance Equity
An account used in accounting software to offset discrepancies when establishing opening balances during the initial setup of the financial records.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for, considered an asset on the balance sheet.
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