Examlex
GAAPP requires companies to record their bonds payable at fair value.
Cash Customer
A customer who pays for goods or services with cash at the time of purchase rather than buying on credit.
General Journal
A primary accounting record used to record all types of transactions before they are transferred to specific accounts in the general ledger.
Sales Tax
A government-imposed tax on the sale of goods and services, collected by the retailer and passed on to the government.
General Journal
A primary accounting record used to record all types of transactions before they are posted to the specific accounts in the ledger.
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