Examlex
What is the purpose of compensatory damages?
Journal
A book or digital record where transactions are initially recorded before they are posted to ledgers.
Liability Account
An accounting record that captures obligations or debts a company owes to others, which are expected to be paid in the future.
Expense Account
An account where businesses track costs incurred during operations, often related to employees' business-related expenses.
Chart of Accounts
The Chart of Accounts is a systematic list of all accounts used by an organization, essential for classifying and organizing financial transactions within the general ledger.
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