Examlex
Using bullet points rather than complete sentences is considered a good practice.
Parts Inventory
The stock of components or parts kept on hand by a company to assemble products or perform service maintenance.
Note Payable
A written agreement where one party promises to pay another party a specific sum of money at a determined future date or on demand.
Interest Expense
The cost accrued on borrowed funds, reflected as a financial charge for the use of the lender's money.
FICA Withholding
Taxes that are automatically deducted from an employee’s wages for Social Security and Medicare, as mandated by the Federal Insurance Contributions Act.
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