Examlex
Select the combining form that means to eat or swallow.
Adjusting Entries
Entries made in the accounting records at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Accruals
Adjusting entries for either accrued revenues or accrued expenses.
Deferrals
Adjusting entries for either prepaid expenses or unearned revenues.
Asset's Cost
The original financial value of an asset, including purchase price and any expenses incurred to get the asset ready for use.
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