6. Fill in blanks for each of the following sentences means liabilities which are payable within 12 months. are expected to be realized in the entity's normal operating cycle or within 12 months after the reporting period and held primarily for the purpose of trading. is a book issued by the bank to the account holder which records the amount deposited in/withdrawn from the respective account during a particular period. The amounts due from third parties, arising from sales to those parties are called The difference between the selling price and the cost price of the goods sold is called Transferring journal entries to the ledger accounts is called is a liability that result from a purchase goods or services on open account. The value of an asset after deducting depreciation from the historical cost is known as If the stated interest rate on the bond is greater than market interest rate, the bond is sold at The lease that transfers substantially all the risks and benefits of ownership to the lessee is called Property held to earn rentals or for capital appreciation or both is called A list of debit entries and credit entries that businesses use to control their double-entry accounting systems is called The stated price written on front of a security, usually a bond or stock, is called A concept in accounting that mandates the recording of transactions in the time period in which they occur, regardless of the time when actual cash flows for the transactions are received or paid, is called If historical percentage of ending accounts receivable that subsequently prove to be uncollectible is 2% and a company's accounts receivable balance at the end of year 200.000, then the allowance to be provided for bad debt expense is are those costs that incur to earn revenues. In contrast, are those costs that incur to purchase or increase the value of the organization's fixed assets