Examlex
What term indicates the openings of the nose with the air (also called nostrils) ?
Trial Balance
A bookkeeping report that lists all the balances in each account ledger in two columns, debits and credits, ensuring that total debits equal total credits.
Adjusting Entries
Entries made in accounting books at the end of the cycle to rightly allocate the period's earnings and financial outgoings.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss of value over time.
Notes Payable
Financial obligations or loans evidenced by promissory notes, to be repaid to the creditor at future dates.
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