Examlex
In the expression "The twin towers of the World Trade Center no longer exist because they were destroyed by terrorists," the statement "They were destroyed by terrorists" is called the:
Accounts Payable
Accounts payable are liabilities of a business that represent its obligations to pay off a short-term debt to its creditors or suppliers.
Service Revenue
The income earned by a company for the services it has provided to its customers.
Normal Starting Balance
Normal Starting Balance refers to the initial amount of money in an account at the beginning of a financial period.
Debit Postings
Entries made on the left side of an account, increasing the balance of assets and expenses or decreasing liabilities and equity.
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