Examlex
The Accounts Payable account is
Social Commerce
The integration of online social networks with e-commerce transactions, allowing users to buy and sell goods or services within a social media platform.
Collaborative Purchasing
A buying process where multiple parties come together to leverage collective bargaining power for better terms or prices.
Social Shopping
The combination of e-commerce and social networking sites, where users can shop for items while interacting and seeking opinions from others.
Blogs
Online journals or informational websites displaying information in reverse chronological order, with the latest posts appearing first.
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Q132: Nominal accounts are called temporary accounts because