ord couldn't verify your Microsoft 365 subscription. Please make sure that you're connected to the Internet Retry REQUIRED: FILL IN THE NAME OF THE ACCOUNTING TERM BEING DESCRIBED. (ABBREVIATIONS ARE NOT ACCEPTABLE - TERMS SHOULD BE WRITTEN OUT IN FULL) 1. Accounting Guidelines formulated by the Accounting Standards Board, that govern how businesses report their results in financial statements to the public. 2. A liability created when a business collects cash from customers in advance of doing work for the customer. The obligation is to provide a product or a service in the future. 3. A list of all the ledger accounts with their balances. D. Focus