Examlex
MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Dichotomous questions
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded by a company, representing obligations that exist at the balance sheet date.
Accounts Payable
Liabilities of a business that represent its obligations to pay for goods or services it has received but not yet paid for.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services provided on credit.
Statement of Cash Flows
A financial report detailing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.
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