Examlex
The socializing force that governs what is ethically right and wrong is called _________.
Accounts Payable
Money owed by a business to its suppliers or creditors for products or services received.
Income Statement Accounts
Categories within an income statement that record different types of revenue, expenses, gains, and losses, affecting the net income of a business.
Temporary Accounts
Accounts in the general ledger that are closed at the end of the accounting period, transferring their balances to permanent accounts.
Chart of Accounts
A systematic listing of all accounts used in the ledger of an organization, categorized by assets, liabilities, equity, revenue, and expenses.
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