Examlex
Why is a code of ethics important? What should be included in a firm's code of ethics?
Debit Memorandum
A document issued by a buyer to a seller indicating the amount debited to the seller's account due to returned goods or discrepancies in invoice amounts.
Purchase Amount
The total price paid for goods or services, including taxes and any additional charges.
Financial Statement
A Financial Statement is a formal record of the financial activities and position of a business, person, or other entity, including income statements, balance sheets, and statements of cash flows.
Normal Balance
The usual balance of an account in the accounting system, where asset and expense accounts typically have a debit balance, and liability, equity, and revenue accounts have a credit balance.
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