Examlex
What is prison argot?
Unexpired Insurance
The portion of an insurance premium that has not yet been used up and is considered a prepaid expense for the company.
Supplies Expense
The cost associated with consumable items or supplies used during a company's operations within an accounting period.
Adjusting Entry
A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.
Debit
An entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
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