Examlex
If Accounts Payable has debit postings of $17,000, credit postings of $14,000, and a normal ending balance of $6,000, what was its beginning balance?
Sample Space
All conceivable outcomes or results that can occur in an experiment involving probability.
Simple Events
Events in probability that consist of a single outcome and cannot be broken down into simpler components.
Individual Outcome
The result or final state of a single observation or experiment, which can vary between instances in a study or trial.
Constitute
To compose or form something, often used in a legal or formal context to indicate the components that make up a whole.
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