Examlex
Which salutation uses correct capitalization?
Contingencies
Conditions or events with uncertain outcomes that may represent potential liabilities and are recorded in financial statements if they are probable and estimable.
Sick Pay Policy
A company's formal plan detailing the compensation employees receive when they are unable to work due to illness.
Vacation Pay
This refers to the compensation employees are entitled to receive for days they are on vacation and not working.
Accrual
Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.
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