Examlex
Instructions: Draw structures corresponding to each of the following IUPAC names.
Draw:
2,5-dihydroxybenzoic acid
Discounted Notes
Notes or bonds sold for less than their face value in order to reflect current market interest rates or the issuer's credit risk.
Contra-Asset Account
An account on a company's balance sheet that offsets or reduces the value of an associated asset account.
Reconciling Items
Entries that are made to adjust the books of accounts in order to ensure that two sets of records (usually the bank statement and the company's records) are in agreement.
Adjusting Journal Entry
An entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.
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