Examlex
What is the business-to-business (B2B) online purchase and sale of supplies and services?
Supplies Expense
Costs incurred for items used in the operation of a business, not directly tied to the production of goods or services.
Journalize
The process of recording transactions in the journal, a step in the accounting cycle that precedes posting to ledgers.
Transaction Recording
The process of documenting financial transactions in appropriate accounting records, ensuring accurate financial reporting.
Office Equipment
Assets such as computers, desks, and chairs used in an office setting, which are subject to depreciation over time.
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