Examlex
Why are teachers in an ideal position to recognize signs of abuse and neglect?
Reminder
A tool or notice designed to prompt an individual or group about a task or event that is due or needs attention.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded in the company's ledger.
Prepaid Expense
An expense paid in advance of its due period, recorded as an asset on the balance sheet until it is actually incurred and then shifted to an expense account.
Adjusting Entries
Journal entries made in accounting to adjust income and expense accounts so that they comply with the accrual concept.
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