Examlex
What are the functions of modern human resources (HR)applications? How do they differ from first-era HR applications?
Fees Payable
Liabilities or amounts owed by a company for services rendered by others, not yet paid at the balance sheet date.
Balance Sheet
An accounting document showing the worth of a company's assets, debts, and owner's equity on a particular date.
Asset
Resources owned by a business that have economic value and can provide future benefits.
Liability
Financial obligations or debts that a company owes to others, recorded on the balance sheet.
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