Examlex
Most of a firm's proprietary accounting information is reported to the general public in the firm's annual report.
Unearned Revenues
Income received by a company for goods or services yet to be delivered or performed.
Liability Uncertainty
Liability uncertainty involves not knowing the exact amount or timing of future outflows due to existing obligations.
Sales Taxes Payable
Current liabilities on a company’s balance sheet, representing taxes collected from customers on behalf of governmental authorities which are yet to be remitted.
Credited
An accounting entry that increases a liability or equity account, or decreases an asset or expense account.
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