Examlex
What is the definition of the following term:
-Zhuan Falun:
Accounts Payable
Liabilities or amounts owed by a company to its creditors for goods or services that have been delivered but not yet paid for.
Depreciation Expense
The portion of the cost of a fixed asset that is considered consumed during a specific accounting period, used to reflect wear and tear.
Accounts Receivable
Amounts due from customers to an enterprise for delivered but unpaid goods or services.
Fire Insurance
A type of property insurance that covers damage and losses caused by fire.
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