Examlex
_____ is the default name for a new table in an Access database.
Wages Expense
This is the total amount of money paid to employees for work performed during a specific period.
Payroll
The total amount of money paid by a business to its employees over a set period, including wages, salaries, bonuses, and deductions.
Retained Earnings
The portion of net income that is not distributed as dividends to shareholders but is kept by the company for reinvestment or to pay off debt.
Ledger Accounts
Record-keeping systems that track financial transactions through debits and credits to maintain the financial health and status of an entity.
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