Examlex
The defense of mistake of fact may be used only if the mistake negates:
Capital Expenditure
Resources deployed by a business to buy, enhance, and manage material assets, including real estate, manufacturing facilities, or devices.
Debit
Amount entered on the left side of an account.
Expense Account
An accounting entry that represents consumption of assets, decrease in owners' equity, or incurrence of liabilities during a period as a result of operational activities.
Asset Account
A classification within financial accounting that reports the value of a company's long-term resources, such as property, equipment, and intellectual property.
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