Examlex
To combine several effects, use the Effect class's __________ method.
Notes Payable
A written agreement where the borrower promises to pay back a specified sum to the lender by a certain date.
Interest Expense
The amount a company has to spend over time for taking out loans.
Sales Taxes Payable
This account reflects the amount of sales tax collected from customers by a company on behalf of state and local governments, which is to be remitted to those governments.
Remittance
The process of sending payment from one party to another, often from a buyer to a seller or from an employer to an employee.
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