Examlex
A bond represents a contract of indebtedness issued by a corporation that promises payment of a principal amount plus interest at a specified future date.
Sales Tax Revenue
The income received by a government from the imposition of a tax on the sale of goods and services.
Sales Revenue
The earnings accumulated from the sale of products or services during a specific timeframe.
Cash
A company's most liquid asset, representing currency or assets that can be immediately converted into currency.
Sales Tax Payable
A liability account that represents the sales tax collected from customers by a selling entity and owed to the tax authority.
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