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The English legal system is an inquisitorial one as it uses judges, magistrates and juries to get to the bottom of the facts. It is an adversarial system which, whilst using a judge, magistrates or a jury to decide facts, is an adversarial contest between two sides in the case. These two opposing sides present their arguments to the arbiter of fact for them to decide which side to believe.
Accrued Revenues
Revenues that have been earned by providing goods or services but have not yet been received or recorded.
Cash Receipts
Cash receipts are the records of all cash inflows, representing money received by a business, typically from its operational activities like sales or services.
Accrue Employee Salaries
The process of recognizing the cost of salaries earned by employees but not yet paid to them.
Salaries Expense
An income statement item representing the total amount paid to employees in the form of salaries and wages during an accounting period.
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