Examlex
Students in a typical classroom are least likely to get:
Permanent Accounts
Permanent accounts are those ledger accounts whose balances are carried over from one accounting period to the next, including assets, liabilities, and equity accounts.
Current Liabilities
Obligations or debts that a company is expected to pay within a year, such as accounts payable, short-term loans, and accrued expenses.
Accounts Receivable
The sum customers owe a business for the supply of goods and services that payment has not yet been made for.
Unearned Revenues
Revenue a company earns for products or services that have not yet been provided or completed.
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