Examlex
Asked to put a wide range of objects in categories,a child puts those of the same color together.He is sorting
Expenses
Outflows of resources or incurrences of liabilities that result in a decrease in the equity of a company, other than distributions to owners.
Accounts Receivable
Money owed to a company by its customers for goods or services provided on credit.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts to check the arithmetic accuracy of the accounts.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.
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