Examlex
What is the origin of the alphabet?
Account Type
Categories under which financial transactions are recorded, such as assets, liabilities, equity, revenue, and expenses.
Prepaid Rent
Expenses paid in advance for the use of property or equipment that is recorded as an asset until the period it benefits.
Balance Sheet
A financial outline showing the holdings, debts, and the portion belonging to shareholders of a company on a certain date.
Adjustment
Modifications made to financial records to correct errors, align with accounting standards, or reflect changes due to transactions or events.
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