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Ending Inventory
Represents the final stock of goods available for sale by a firm at the close of an accounting period.
Beginning Inventory
The value of a company’s inventory at the start of an accounting period, carried over from the end of the previous period.
Accrued Expense
Expenses that have been incurred but not yet paid for or recorded through a formal invoicing system, recognized in the period they are incurred rather than when paid.
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