Examlex
A microbiologist inoculates a flask of broth with 1 ml of 100 bacterial cells/ml.The generation time of the species is 1 hour,and there is no lag phase.How long will it be before the culture contains more than 6,000 cells/ml?
Accumulated Depreciation
The cumulative amount of depreciation expense recorded for an asset from the time of its acquisition.
Contra Asset
An account on a company's balance sheet that reduces the value of a related asset, such as accumulated depreciation.
Expense Account
An account that records the costs incurred by a business in the process of earning revenue, part of the company's income statement.
Adjusting Entry
A record added in the books at the closing of an accounting cycle to note any unrecorded earnings or expenditures during that time.
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