Examlex
The Sun exerts a gravitational pull on Earth.Why doesn't Earth fall into the Sun?
Accounts Receivable
Accounts receivable are funds owed to a company by customers who have received goods or services but have not yet paid for them.
Accounts Payable
The amounts a company owes to creditors for items or services purchased on credit which are due within a year or within a company's operating cycle.
Equipment
Tangible assets used in operations, such as machinery and computers, which are not intended for sale.
Owner's Equity
Owner's equity is the residual interest in the assets of the entity after deducting liabilities, representing the owner's claim on the business assets.
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