Examlex
What is puffery? Why is puffery not illegal in the United States? Give an example of an advertising message containing puffery.
Accounts Receivable
The amount of money owed to a company by its customers for goods or services sold on credit.
Subsidiary Ledger
A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.
Subsidiary Ledger
A set of detailed accounts that supports the balance reported in a general ledger control account.
Accounts Receivable
The outstanding invoices a company has or the money the company is owed by its clients.
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