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The Glassdoor

question 46

Multiple Choice

The glassdoor.com website, which allows for employees to post reviews of organizations, could easily function as a tool for compiling information and reviews on a variety of workplaces, otherwise known as the ______ stage of ______.


Definitions:

Debit

An accounting entry that increases asset or expense accounts, and decreases liability, equity, or revenue accounts.

Credit

A financial arrangement where goods, services, or money is borrowed by one party from another, with the promise of repayment usually with interest.

Prepaid Rent

An accounting term for payments made in advance for rent that covers future periods, recorded as an asset on the balance sheet until it is consumed.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

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