Examlex
One of the major challenges facing organizations today is how to reconcile the accountability publicly owned firms have in generating wealth for shareholders while attending to the triple bottom line.
Debits
Entries on the left side of a double-entry accounting system that increase assets or expenses or decrease liabilities, equity, and income.
Credits
In accounting, credits refer to the side of an account that decreases assets or increases liabilities and equity.
Working Capital
The amount of a company's current assets minus its current liabilities, indicating the short-term liquidity position of the company.
Current Liabilities
Obligations or debts that a company is expected to pay off within one year or within its operating cycle, whichever is longer.
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