Examlex
Identify "X" and "Y" in the given reaction.
Accounts Receivable
Accounts Receivable are amounts owed to a company by customers for goods or services delivered on credit, expected to be collected as cash.
Notes Payable
A written agreement to pay a specific amount to a lender at a future date, typically including interest payments, classified as a liability on the balance sheet.
Ending Equity
The total value of all ownership interests in the company at the end of the accounting period, after all revenues and expenses are accounted for.
Beginning Equity
The value of an owner's interest in a company at the start of an accounting period.
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