Examlex
When joining two sentences into one without a connecting word such as "and," you separate them with a
Accounts Receivable
Unpaid amounts due to a company from its clients for delivered or utilized goods or services awaiting payment.
Land
It refers to the earth's surface extending downward to the center and upward to infinity, including permanently attached natural objects, and is considered a non-depreciable asset in accounting.
Journalizing
The process of recording transactions in the journal in chronological order, marking the first step in the accounting cycle.
Posting
The process of transferring journal entries to their respective accounts in the ledger.
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