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Under the Soviet System of Communism

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Under the Soviet system of communism


Definitions:

Liability

A financial obligation or amount owed by a business or individual to another entity.

Account Receivable

Funds that customers owe to a business for products or services they have received but have not paid for.

Customer's Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or the order of a person, company, or entity.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

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