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Chap. 9 accounting
Vocabulary
Term | Definition |
---|---|
Accounts payable ledger | The subsidiary ledger containing vendor accounts |
Articles of incorporation | A legal document that identifies basic characteristics of a corporation, which is a part of the application submitted to a state to become a corporation |
Business entity | an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable |