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A common defense to intentional torts against persons is consent.
Expense Accounts
Accounts used to record transactions relating to expenses incurred by a business, such as costs for materials, utilities, and salaries.
Common Stock
Equity securities representing ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.
Trial Balance
An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping system.
Debit Balance
Refers to the excess of debits over credits in an account, indicating either an increase in assets or expenses or a decrease in liabilities, equity, or income.
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