Examlex
Which of the following data elements is placed higher than records in the database hierarchy?
Prepaid Insurance
An asset account that reflects the amount paid for insurance policies in advance, before the coverage period begins.
Accounts Receivable
Financial obligations customers have to a business for received services or goods that have not been paid for.
Miscellaneous Expense
Expenses that do not fit into any specific category of the business's financial statements, often small or infrequent costs.
Accounts Payable
Accounts payable represent short-term liabilities or money owed by a business to its creditors or suppliers for goods and services purchased on credit.
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