Examlex
Why are structural records used?
Cash
Cash refers to company-held currency and bank account balances that are readily available for use.
Accounts Receivable
Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.
Accounts Payable
Money owed by a company to its creditors for goods and services that have been delivered but not yet paid for.
Accounting Equation
A fundamental principle in accounting that states assets equal liabilities plus owner's equity.
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