Examlex
A ____ is a trading platform on a computer website that allows investors to trade stocks without the use of a broker.
Prepaid Rent
A type of asset account on the balance sheet that represents rent payments made in advance of the rental period.
Adjusting Entry
A journal entry made in accounting to update the records for accruals and deferrals that have not yet been recorded.
Accrued Revenue
Income that has been earned but not yet received, typically recorded in the accounting period it is earned rather than when cash is exchanged.
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel adjusting entries made at the end of the previous period, simplifying the recording of subsequent transactions.
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