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26 Απρ 2015 · Long-term liabilities Debts owed to creditors, due in more than one year from the balance sheet date Accounts payable (AP) Money owed to creditors and vendors Notes payable Debts owed to banks or other creditors based on written agreements Accrued expenses Expenses incurred before the end of the accounting period, but not yet paid for
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Accounting: The process of gathering and preparing financial information about a business or other organisation in a form that provides accurate and useful records and enables decisions to be made. Accounting cycle: This covers everything from opening the 'books' at the start of the year to closing them at the end.
10 Αυγ 1993 · The NYSSCPA has prepared a glossary of accounting terms for accountants and journalists who report on and interpret financial information.
Study with Quizlet and memorize flashcards containing terms like Accounts Payable (AP), Accounts Receivable (AR), Accrued Expense and more.
The Key gives the correct letter answer for each question. Key: A The numbering system indicates the AICPA Blueprint Representative Task and Skill Level for each question.
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