Examlex
A digital certificate is:
Contra Asset
A balance sheet account used to reduce the value of related asset accounts to report their net value; examples include accumulated depreciation or allowance for doubtful accounts.
Prepayment
Payments made in advance for goods or services, recorded as an asset on the balance sheet until the corresponding goods or services are received.
Adjusting Entries
At the end of a financial period, entries are made in the books to correctly allocate profits and outlays to the period they belong to.
Inter-Relationship of Accounts
The connection and impact that different financial accounts have on each other within the accounting system.
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