Examlex
The fact that Americans today are likely to follow the news by briefly reading multiple headlines online rather than by reading longer news articles is referred to as
Supplies
Materials or items which are used in the operation of a business or needed in the production process.
Services
Economic activities that are intangible, are not stored, and do not result in ownership transfer from the service provider to the service receiver.
Double-Entry
An accounting principle where every transaction is entered twice, as a debit in one account and a credit in another, to keep the accounting equation balanced.
Accounting Equation
The fundamental principle of accounting that represents the relationship between assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity.
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