Examlex
"Mobilization of enthusiasm" was coined by historian Elie Halevy to describe the manipulation of collective passions of governments as it had never been seen before.
Double-Entry System
An accounting system that records each transaction twice, as debits in one account and credits in another, to ensure the accounting equation remains balanced.
Accounting Equation
The fundamental equation stating that Assets = Liabilities + Equity, which is the basis of the double-entry bookkeeping system.
Accounts Payable
Liabilities of a business that are owed to creditors for goods and services purchased on credit but not yet paid.
Rent Expense
An expense incurred by a company for the use of a property or equipment.
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