Examlex
The molecular formula for an alkane with 12 carbon atoms and two rings is C12H24.
Error
A mistake in the recording, classification, or processing of financial and non-financial transactions in accounting records.
Accrued Interest
Accrued interest is the interest that has accumulated on a loan or bond but has not yet been paid. It is recognized in the accounting records before the payment is made.
Interest on Loan
The cost incurred by borrowing money, calculated as a percentage of the principal loan amount.
Asset Account
An Asset Account is a financial record that tracks the value of a company’s tangible and intangible properties, like buildings, cash, or intellectual property.
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