Examlex
What practice became popular following the 1906 San Francisco earthquake and fire that increased the number of Chinese people in the United States?
Adjusting Entry
An accounting journal entry made at the end of an accounting period to update the accounts for accruals and deferrals that have not been recorded during the period.
Accounts Payable
This term signifies the amount of money a company owes to its suppliers or vendors for goods or services received but not yet paid for.
Accrue Expense
An accounting method where expenses are recognized when incurred but not yet paid, reflecting the economic reality of the expense.
Prepaid Utilities
Expenses paid in advance for utilities services, recognized as assets on the balance sheet until they are consumed.
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