Examlex
The risk that a bank will have to sell its assets at a loss to meet its cash demands is called
Accounts Receivable
Denotes the funds that customers owe a business for received goods or services that remain unpaid.
Notes Receivable
Claims held by a creditor that are supported by promissory notes, representing a right to receive payments from debtors.
Correcting Entry
An entry made in the accounting records to amend a previously made mistake or incorrect transaction.
Total Assets
The sum of all assets owned by a company, including cash, investments, equipment, and real estate, reflected on the balance sheet.
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