Examlex
Given and in the figure, sketch .
Accounts Payable
Accounts payable represent short-term liabilities or money owed by a business to its creditors or suppliers for goods and services purchased on credit.
Journal Entry
A record of a financial transaction in the accounting books of a business, showing the accounts affected and the amounts.
Invoice
A document issued by a seller to a buyer that lists goods or services provided, prices, and payment terms.
Ledger
A comprehensive collection of a company's financial transactions, organized by account.
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