Examlex
Which statement best describes the main difference between the DO and the MD?
Accounts Receivable
Refers to the money owed to a company by its customers for goods or services already delivered but not yet paid for.
Accounts Payable
Liabilities of a business that are due to be paid to creditors within a short period of time, typically within a year.
Fixed Assets
Long-term tangible assets that a company uses in its operations and is not expected to consume or sell within a year.
Dividends
Payments made by a corporation to its shareholder members, distributing earnings.
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