Examlex
In a balance-forward accounts receivable system, customer statements display previous balance, payments, and balance forward to which are added any new charges to derive the total balance due.
Common Stock
Represents ownership shares in a corporation, giving holders voting rights and a share in the company’s profits through dividends.
Market Price
Today's market price for trading an asset or service.
Journalize Entry
A process in accounting that involves recording transactions and financial events in a journal as part of the double-entry bookkeeping system.
Limited Liability Company
A form of business organization that unites the personal tax treatment of a partnership or sole proprietorship with the limited legal responsibility associated with corporations.
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