Examlex
What is a microculture? Give an example.
Discount Period
The time frame within which a payment can be made at a reduced rate.
Asset Account
An account on a balance sheet representing resources owned by a company that have economic value.
Liability Account
A category in financial accounting that represents debts or obligations a company owes to others.
Subsidiary Ledger
A detailed ledger that contains the individual accounts necessary to support a major (control) account organized in the general ledger.
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