Examlex
The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, thus acting as an intermediary between the application and the hardware.
Prepaid Expense
Expenses paid in advance and recorded as assets before they are used or consumed.
Consumed
Consumed refers to the portion of resources, goods, or services that have been used up in the process of generating revenue.
Accounting Period
A specific period of time covered by financial statements, usually encompassing a fiscal quarter or year.
Contra Account
An account used in accounting to record reductions of related accounts, which has a balance opposite to the normal balance of the related account.
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