Examlex
In rare cases,where monetary damages would be an inadequate compensation for breach of contract,the courts may decree specific performance of the contract.How does this differ from an ordinary monetary judgement?
Posting
The process of transferring the debits and credits from the journal entries to the accounts.
Debit
An entry recorded on the left side of an account ledger, signifying an increase in assets or expenses or a decrease in liabilities, equity, or income.
Unearned Revenue
The liability created by receiving revenue in advance.
Capital Account
A financial statement account that represents the ownership interests or equity in a company.
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