Examlex
Which of the following helps to facilitate an empowered environment?
Journal Entry
An accounting transaction recorded in a company's financial records, which includes a description, the accounts affected, and the amounts debited and credited.
Credited
Recognized or recorded as an increase in assets or a decrease in liabilities in accounting records.
Accrued Expense
Expenses that have been incurred but not yet paid, representing liabilities for goods or services received but not yet invoiced.
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