Examlex
Which of the following falls on the plus side of the U.S. balance of payments?
Bonds Payable
A financial obligation represented by a bond issued by a company, promising to pay back with interest the borrowed funds.
Accounts Payable
The amount owed by a business to its suppliers or vendors for goods and services purchased on credit.
Accrual Basis
An accounting method that records income and expenses when they are earned or incurred, regardless of when cash is exchanged.
Expenses
Costs incurred by a business or individual in the course of generating revenue, including operational costs and overheads.
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