Examlex
Any table that meets the definition of a relation is said to be in first normal form (1NF).
Adjusting Entry
An adjusting entry is a journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Expense Account
An account used to record individual expenditures or expenses incurred during business operations.
Liability Account
An account recording a company's obligations to pay debts to creditors in the short or long term.
Adjusting Journal Entries
Entries made in accounting records at the end of an accounting period to update accounts for accruals and deferrals that were not recorded during the accounting period.
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