Examlex
When writing a short, informal report to an external audience, it is best to use
Adjusting Entry
Journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Note Payable
A written promise to pay a specified amount of money, typically with interest, at a future date or dates.
Fiscal Year
A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.
Quick Ratio
A liquidity measure that evaluates a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.
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