Examlex
Which of the following is NOT a characteristic of sweatshops?
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.
Debit Balance
Refers to the balance that remains in a financial account when the total debits exceed the total credits.
Credit Balance
An accounting balance where the sum of credits exceeds the sum of debits in an account, often indicating money owed to the account holder.
Salaries Payable
A liability account that represents the amount owed to employees for work performed but not yet paid.
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