Examlex
Match the options below with the correct phrases:
-functional authority
Liability Account
An accounting record representing money or value owed by the company to others.
Decrease
A reduction in size, number, or amount.
Debit
A bookkeeping record that leads to an uptick in a firm's assets or a reduction in its liabilities on the balance sheet.
Account Receivable
Money owed to a company by its customers for goods or services delivered but not yet paid for.
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