Question

what do you understand by the term​

Answer 1

Explanation:

The term law is derived from its Teutonic root lag which means something which lies fixed or evenly. In English, it means something which is uniform. The word law is employed in the modem usage in a variety of ways. In physical sciences like Physics and Chemistry it is used to denote the sequence of cause and effect.

Answer 2

Accounting Terms. ... Accounting - Accounting keeps track of the financial records of a business. In addition to recording financial transactions, it involves reporting, analyzing and summarizing information. Accounts Payable - Accounts Payable are liabilities of a business and represent money owed to others.