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Accounting Terminology, D – L

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    FAISAL A.
    YE
    FAISAL A.

    What are the difference between accounting terminology d-l and the previous

    FAISAL A.
    YE
    FAISAL A.

    Is there any differences between Accounting Terminology, d-l and the previous

    Gabriel O.
    ML
    Gabriel O.

    A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments, certain deferred income taxes, etc. that are the result of a past transaction. Common liability accounts under the accrual method of accounting include Accounts Payable, Accrued Liabilities (amounts owed but not yet recorded in Accounts Payable), Notes Payable, Unearned Revenues, Deferred Income Taxes (certain temporary timing differences), etc. The balances in liability accounts are nearly always credit balances and will be reported on the balance sheet as either current liabilities or non current (or long-term) liabilities. The company with the liability account for the debt or payable is known as the debtor. The lenders, vendors, suppliers, employees, tax agencies, etc. who are owed the money are known as the company's creditors.

    Wendy C.
    AU
    Wendy C.

    Accounting terminology D-L Debate: Define: Demonstrate: Describe: Design: Discuss: Distinguish: Enumerate: .Explain: Evaluate: Graph: Group: Identify: Illustrate: Interpret: Justify: List:

    Samuel F.
    ZA
    Samuel F.

    A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments, certain deferred income taxes, etc. that are the result of a past transaction. Common liability accounts under the accrual method of accounting include Accounts Payable, Accrued Liabilities (amounts owed but not yet recorded in Accounts Payable), Notes Payable, Unearned Revenues, Deferred Income Taxes (certain temporary timing differences), etc. The balances in liability accounts are nearly always credit balances and will be reported on the balance sheet as either current liabilities or noncurrent (or long-term) liabilities. The company with the liability account for the debt or payables is known as the debtor. The lenders, vendors, suppliers, employees, tax agencies, etc. who are owed the money are known as the company's creditors.

    Harrison A.
    AT
    Harrison A.

    The D - L in accounting ,keeps us inform that each word has its own definit meaning in a/c related issues.It means therefore,that it should not be associated to ordinary english meaning but rather view with a/c spirit in relation to business method .

    Harrison A.
    AT
    Harrison A.

    Do we agree with me that every word has its outstanding meaning in A/C ?

    Zachary B.
    US
    Zachary B.

    What is accounting terminology, D - L?

    Caroline Monica M.
    MW
    Caroline Monica M.

    The thses terminoogies have been lined up are giving me a clue of how they are used in accounting.

    Diamond T.
    US
    Diamond T.

    The D - L in accounting ,keeps us inform that each word has its own definit meaning in a/c related issues.It means therefore,that it should not be associated to ordinary english meaning but rather view with a/c spirit in relation to business method .

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