Examlex
Identify the following terms.
-Leo Africanus
Salary Allocation
The process of distributing an employee's compensation among various accounts or departments based on where or how their time was spent or services were utilized.
Dissolution
The process of legally dissolving a business entity, which includes disbanding its operations and distributing its assets.
Partnership
An officially recognized form of commercial enterprise undertaken by at least two individuals, involving joint management and profit allocation.
Capital Account
A national account that shows the net change in asset ownership for a nation, including investments and loans, but not related to current transactions.