Examlex
An encomienda was a
Book of Original Entry
It is the initial record where financial transactions are documented in the accounting system.
Accounts Payable
Debts of a business to creditors arising from the acquisition of goods and services on credit.
Purchases on Account
Transactions where goods are bought and the payment is deferred to a future date, often recorded in accounts payable.
Supplies Account
An account used in accounting to track the amount spent on supplies that have not yet been used or consumed by the business.
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