13730095
Description
Flashcards by Ali Stabler, updated more than 1 year ago
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Created by Ali Stabler
almost 6 years ago
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| Question | Answer |
| Accrued Expense | expenses that have been incurred but not yet paid ie. vacation leave/pay |
| Accounts Payable | Money owed by the business to its suppliers |
| Accounts Receivable | Money owed to the business by its customers |
| Assests | Tangible or intangible items of value owned by the business |
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