Examlex
A journal is a listing in chronological order that is created to record a particular type of transaction.
Liability Insurance
A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.
Rental Contract
A written or verbal agreement between a lessor and lessee that stipulates the terms and conditions under which a property, vehicle, or piece of equipment is rented.
Prepaid Insurance
An asset account representing insurance payments made in advance for coverage extending beyond the current accounting period.
Equipment Rent
Equipment rent refers to the cost associated with leasing machinery, tools, or other equipment for a specified period, instead of purchasing them outright.
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