Examlex
___________ is a gesture that has a direct verbal translation and substitutes for a word or phrase.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered or used, but not yet paid for.
Prepaid Expenses
Payments made for goods or services to be received in the future, recognized as assets on the balance sheet until they are incurred.
Journal Entry
A record of financial transactions in the accounting books of a business, indicating the accounts affected and the amounts.
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