Examlex
The simplest form of business is a sole proprietorship.
Formal Written Instrument
Refers to a legal document that formally records a transaction, agreement, or legal obligation between parties.
Credit
Amount entered on the right side of an account.
Notes Receivable
Financial assets representing amounts owed to a company, usually evidenced by a formal promissory note.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the company's operating cycle, whichever is longer.
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