Examlex
The correct definition for C&S is:
Opening Balance Equity
An account used in bookkeeping to report the initial balances when setting up financial software, representing the difference between a company's assets and liabilities at the start of an accounting period.
Vendor
An individual or company offering goods or services to another entity, usually in a B2B relationship.
QuickBooks Forms
Standardized documents or templates within QuickBooks software used for invoices, receipts, purchase orders, and other financial transactions.
Create Invoice
The process of generating a document that itemizes and records a transaction between a seller and a buyer.
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