Examlex
According to functionalists,a key manifest function of schools is the transmission of culture.
Salaries Expense
The total amount of salary payments owed to employees for work performed during a specific period.
Salaries Payable
An account that records amounts owed to employees for work performed but not yet paid, a liability on the balance sheet.
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.
Accounting Period
A specific time period for which financial information is reported, typically a year, quarter, or month.
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