Examlex
The following adjustments must be made when interest is paid semi-annually vs. annually except:
Creditor
An individual or institution to which money is owed.
Expense
A financial outlay that is incurred through business operations or activities.
Equipment
Tangible, long-term assets used in the operations of a business, not intended for sale.
Supplies
Supplies are consumable items used in the everyday operations of a business, such as office materials, that are not resold to customers.
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