Examlex
Which of the following is part of the brainstem?
Accrual
Accrual is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction actually takes place.
Adjusting Journal Entry
An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses for the period.
Accrual
The recognition of revenue or expenses that have been earned or incurred but not yet recorded or paid, following the accrual basis of accounting.
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