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Why are some satellites described as being stationary?
Accounts Payable
Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.
Nominal Accounts
Accounts that are closed at the end of each accounting period; includes revenue, expense, and withdrawal accounts.
Sales Journal
A specialized accounting journal used to record all sales transactions of a company on credit.
Accounts Receivable Subsidiary Ledger
A ledger detailing individually the amounts owed by each customer, supplementing the general ledger's summary account.
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