Examlex
_____ are characteristics of individuals,groups,or organizations that marketers use to divide a total market into segments.
Adjusting Entries
Journal entries made in accounting to adjust income and expense accounts so they reflect the true financial position of a business.
Expenses
Costs incurred in the process of generating revenues, representing the consumption of resources such as raw materials, labor, and overhead.
Accrual Basis
An accounting method that recognizes revenue when earned and expenses when incurred, regardless of cash flow.
Recognizes Expenses
The accounting process of formally recording or acknowledging that an expense has occurred, typically impacting the profit and loss statement.
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