Examlex
Complete the following using the terms listed.
-_____ is extended by suppliers when a company receives goods or services,agreeing to pay them at a later date.
Cash Received
The actual amount of money received by a company during a specific period, including from sales, services, loans, investments, and other sources.
Accounts Receivable
Financial obligations of customers to a company for products or services already delivered but not settled.
Depreciation Expense
Depreciation expense is the allocated amount of the cost of a tangible asset over its useful life, recognized in accounting to account for the decrease in the asset's value over time.
Net Income
The company's remaining earnings once all costs, taxes, and expenses are deducted from its total revenues.
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