Examlex
Describe technology as a capital source.
Accounts Payable
Money owed by a company to its creditors for goods and services purchased on credit.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they align.
Balance Per Books
The ending balance on a company's financial records for a specific account, before any adjustments for reconciliation.
Notes Collected
The process of receiving payment on promissory notes, which are written promises to pay a specific sum of money.
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