Examlex
Discuss database entities and attributes.
Salary Expense
The total amount paid to employees as salaries over a period of time, representing a liability for services received by the business.
Fees Payable
Liabilities or amounts owed by a company for services rendered by others, not yet paid at the balance sheet date.
Balance Sheet
An accounting document showing the worth of a company's assets, debts, and owner's equity on a particular date.
Asset
Resources owned by a business that have economic value and can provide future benefits.
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