Examlex
One aspect of revising a report for style is to check that you have used active and passive voice appropriately.
Accounting Equation
The fundamental equation of accounting stating that Assets = Liabilities + Owners’ Equity.
Common Stock
Equity ownership in a corporation, with voting rights and potential dividends.
Accounts Payable
The sum of funds that a company is required to pay to its suppliers for goods and services obtained on credit.
Retained Earnings Account
An equity account that represents the cumulative earnings of a company that have not been distributed to shareholders as dividends.
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