Examlex
A rule of netiquette is to read the FAQ (frequently asked questions), if one exists.
Accruals
Accounting adjustments for revenues that have been earned but are not yet recorded in the accounts, and for expenses that have been incurred but are not yet recorded.
Incurred
This term refers to the recognition of costs or expenses in accounting when a company commits to them through its operations, regardless of when payment is made.
Wages Payable
Represents the total amount of wages earned by employees that have not yet been paid by the employer.
Wages Expense
The total cost incurred by a company for the payment of wages to its employees during a specific period.
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