Examlex
A Discount on Notes Receivable results from a stated rate of interest that is lower than the prevailing market rate of interest.
Revenues
Revenue earned by a company primarily through its sales of products and services to buyers, as part of its regular operations.
Owner's Equity
Owner's Equity refers to the owner's rights to the assets of the company after all liabilities have been deducted. It is also known as shareholders' equity or stockholders' equity.
Investments
Investments refer to assets or items acquired with the intention of generating income or appreciating in the future.
Trial Balance Totals
The cumulative sum of all debits and credits in a trial balance, which should equal to ensure the ledger is balanced.
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