Examlex
A typical account found under the heading of "Revenue" in a chart of accounts is
Open Account
A form of payment in which an importer doesn’t pay for goods until after they have been received, creating an unfavorable balance of value for the exporter.
Less Favorable
Describes conditions or treatment that are comparatively disadvantageous or inferior to others.
Potential Risk
A possibility of harm, loss, or any negative occurrence that may or may not happen in the future.
Least Safe
The condition or status of having the highest potential for danger or risk among compared alternatives.
Q2: The accounts receivable ledger is simply a
Q4: Some businesses and individuals who "charge it"
Q25: A promissory note is usually referred to
Q26: An example of a contra-revenue account is<br>A)
Q34: Working capital is the difference between current
Q38: Assets that are used for several years
Q43: Taxes levied on employers at the same
Q45: Use the following data: <span
Q65: The rate at which interest is charged,
Q68: The net income of a trade or