Examlex
An optically active triglyceride produced two palmitic acid residues and one oleic acid residue, when heated in the presence of acid. Provide the structure(s) for this triglyceride.
Adjusting Entry
Adjusting entry refers to a journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred, ensuring the accounts reflect these amounts accurately.
Supplies
Materials and items used in the daily operations of a business that often have a short life span.
Salaries Payable
A liability account that represents the amount owed to employees for work done but not yet paid.
Fiscal Period
A specific time period used for accounting purposes and preparing financial statements, usually twelve months.
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