Examlex
Ice can float in a glass of liquid water because the solid form of water is more dense than the liquid form.
Journal
A book or digital record where all financial transactions of a business are initially recorded before being transferred to specific accounts in the ledger.
Ledger Accounts
Reflects a record of all the financial transactions made by a company, summarized into different categories for reporting purposes.
Accounts Receivable
Amounts owed by customers to an enterprise for goods or services that have been dispatched but not yet reimbursed.
Expenses Account
An account where business expenses are recorded, showing the money spent on operations and services.
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