Examlex
Karen Rogers was employed at the Pentagon as manager of the Purchasing Department. Prior to the arrival of her new supervisor in June of 2004, she received the highest employee rating on her yearly evaluation. Her new supervisor, John Lincoln, had been overheard saying that he did not believe that women were smart enough to manage a department. Six months later, Karen was fired for poor work performance. If she wins her claim for gender discrimination, Karen may be entitled to
I back pay
II reinstatement to her former position
III punitive damages
Accounts Payable
Accounts Payable is a liability account on a company's balance sheet representing money owed to suppliers or creditors for goods and services received but not yet paid for.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.
Debits
Debits refer to an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.
Ledger
A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.
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