Examlex
What is a comma splice?
Reversing Entry
An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.
Interest Accrued
The accumulated interest on a loan or bond that has not yet been paid to the lender.
Proceeds of a Note
The total amount of money generated or to be paid out from a promissory note or financial instrument.
Reversing Entry
An accounting entry that is made at the beginning of an accounting period to reverse or cancel out a journal entry made at the end of the previous accounting period.
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