Examlex
Match each definition in the first column to the correct term in the second column.
-A nondrug substance made to look like a real drug.
Expense Recognition
An accounting principle that dictates the conditions under which an expense is recognized and recorded in financial statements.
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Liability
A financial obligation or amount owed by a company to another party.
Asset
An economic resource that is owned or controlled by an individual or entity, expected to provide future benefits.
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