Examlex
In ________ generation languages, problems are presented as a series of facts or constraints instead of as a specific algorithm.
Incurred
Describes expenses that have been realized or experienced by a business or individual.
Matching Principle
An accounting principle that expenses should be recorded in the same period as the revenues they helped to generate, to provide a more accurate picture of financial performance.
Deferrals
Accounting transactions that involve recognition of revenues or expenses in a period different from when they are actually received or paid, to match revenues with expenses in the appropriate period.
Accruals
Accounting adjustments for revenues that have been earned or expenses that have been incurred but are not yet recorded in the accounts.
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