Examlex
In the Size-Weight Illusion:
Ledger
A book or collection of accounts in which transactions are recorded, showing the changes in each account over a period of time.
Inventory
The complete list of goods and materials that a business holds, either for sale or as part of its supply chain.
Accounting Equation
The fundamental principle of accounting represented as Assets = Liabilities + Shareholder's Equity, ensuring that a company's balance sheet is balanced.
Accounts Payable-HST
Liabilities owed by a business for goods and services that have been received but not yet paid for, specifically relating to Harmonized Sales Tax (HST) payables.
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