Examlex
Military justice applies not only to members of the armed services but also to those who commit crimes against military personnel on and off a military base.
Liability Account
An account documenting the obligations or debts a company owes to others, which must be settled over time.
Normal Balance
The usual debit or credit balance that an account type is expected to have, which helps in ensuring the correct recording of transactions.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Dividends Declared
Profits distributed by a company to its shareholders, usually determined by the board of directors, and not yet paid out.
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