Examlex
Which of the following features are used to identify chordates?
Prepaid Insurance
An asset account that represents insurance paid in advance, which is not yet expired and thus not yet an expense.
Owner's Capital
The equity in a firm attributable to the owner, reflecting the amount invested by and the earnings retained for the business owner.
Accounts Receivable
Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.
General Journal
A foundational accounting record that keeps chronological entries of a company's transactions.
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