Examlex
In ionic bonding,
Accounts Receivable
The amount clients owe a company for goods or services that have been delivered but remain unpaid.
Accounts Payable
Short-term liabilities a company owes to its creditors for goods and services purchased on credit.
Correcting Entry
An accounting entry made to amend errors found in the financial statements after they have been finalized.
Balance Incorrectly
An error condition where the totals of the debit and credit sides of an account (or the entire accounting ledger) do not match.
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