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Macro viruses can spread when an infected file is opened.
Interest Payable
A liability account that represents the amount of interest expense that has been incurred but not yet paid to creditors.
Correcting Entries
Adjustments made in accounting records to amend errors or omissions in the previously recorded transactions.
Accumulated Depreciation
The aggregate cost of a tangible asset that has been amortized as a depreciation expense from the time the asset started being used.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.
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