Examlex
Match the following terms with their descriptions:
i. Slide master
II. Start screen
III. .potx
IV. HSL
v. Nudge
Prepaid Insurance
An asset account that reflects payments made for insurance coverage periods extending into the future; it is expensed over time as the coverage period lapses.
Normal Balance
Refers to the debit or credit balance that is expected on a specific type of account based on its accounting rule.
Contra Asset
An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.
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