Examlex
In the following pedigree, what does the colored circle indicate?
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period for more accurate financial statements.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.
Sales
The total amount charged customers for merchandise sold, including cash sales and sales on account.
Interest-bearing Note
An interest-bearing note is a debt instrument in which the borrower agrees to pay the lender interest in addition to repaying the principal amount borrowed.
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