Examlex
When customers access a Web site and make purchases, they generate _____.
Cash Payments
Transactions involving the immediate transfer of cash to settle the purchase of goods, services, or a debt.
Liabilities
Financial obligations of a business, such as loans, accounts payable, and mortgages, that it is required to pay to others.
Principles
Fundamental concepts or general laws that guide business practices, accounting standards, and financial reporting.
Internal Control
A process designed to ensure reliability in financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.
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