Examlex
Which of the following statements about acids are TRUE?
1.An acid is used in car batteries.
2.A component of vinegar is an acid.
3.Acids are used for cleaning metals.
Cash
Liquid assets held by a company or individual, used for transactions or as a reserve for future needs.
Accounts Receivable
Represents the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Supplies
Materials or items used in the operation of a business or needed in the process of providing a service or making goods.
Accounts Payable
Liabilities owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.
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