Examlex
The process of naming program variables and assigning a type to them is called ____ variables.
Temporary Account
A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.
Bad Debts Expense
Represents the amount of receivables a company does not expect to collect and is recorded as an expense.
Merchandise Inventory
The goods a company holds for the purpose of sale to customers in the normal course of business.
Net Realizable Value
The estimated selling price of goods minus the cost of their sale or disposal, reflecting the actual cash value of inventory.
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