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In trial court, the plaintiff's name
Accounting Equation
The fundamental principle of accounting represented as Assets = Liabilities + Shareholder's Equity, ensuring that a company's balance sheet is balanced.
Accounts Payable-HST
Liabilities owed by a business for goods and services that have been received but not yet paid for, specifically relating to Harmonized Sales Tax (HST) payables.
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period, ending with net income or loss.
Administrative Expense
Expenses related to the general operation of a business, such as office salaries and utilities, not directly tied to production.
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