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The consequentialist answer to the question "Why are racists wrong?" is likely to appeal to two fundamental moral principles: respect for persons and justice.
Salaries Payable
An accounting liability representing the amounts owed to employees for work performed but not yet paid.
Adjusting Entry
Journal entries made at the end of an accounting period to update account balances to their correct amounts before the preparation of financial statements.
Interest Receivable
An accounting term representing the interest income that has been earned but not yet received in cash.
Adjusting Entry
A financial document alteration that ensures accounting records and statements reflect accurate and real numbers, applied before the financial statements' finalization.
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