Examlex
A partnership is considered fully terminated
Budgeting System
A systematic approach to planning and controlling the financial resources of an organization or individual.
Accrual Accounting
Accounting method that records revenues and expenses when they occur, not necessarily when cash actually changes hands.
Credit
Receiving money, goods, or services on the basis of an agreement between the lender and the borrower that the loan is for a specified period of time with a specified rate of interest.
Sale
The exchange of goods or services for money or other consideration.
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