Examlex
Forgetting older information due to the effects of learning new information is called
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, based on the account type.
Temporary/Permanent
Categories used to distinguish between accounts that are closed at the end of an accounting period (temporary) and those that carry forward their balance into future periods (permanent).
Accrued Interest
Interest on loans or bonds that has accumulated but not yet been paid.
Note Receivable
An asset account representing amounts owed to a company by customers or others who have signed promissory notes in favor of the company.
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