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Showing posts with label Double-entry. Show all posts
Showing posts with label Double-entry. Show all posts

Thursday, 2 October 2014

BOOKKEEPING I



Special Terms 


Liability :  An obligation that is owed by an organization : debt to other organizations for merchandise or services; wages owed to employees; accrued (owed but not yet paid) taxes; and payments due on loans or mortgages.