Examlex
Subtract. Simplify, if possible.
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Current Liability
Financial obligations that a company is required to pay within one year.
Advance From Customers
Money received by a company from customers before the related goods or services have been delivered.
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.
Payroll Bank Account
A separate bank account used by businesses specifically for processing payroll transactions, ensuring that funds are available for employee wages and related taxes.
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