Examlex
Which of these animals has the least-advanced nerve cord?
Accounts Payable
Liabilities owed by a business to its suppliers or creditors for goods or services received but not yet paid for.
T-account
A graphical representation of a general ledger account that outlines the effects of transactions on account balances.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Credit
A financial agreement where a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.
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