Examlex
The problem solving process,known as S.A.R.A,stands for:
Accrue Expenses
The recording of expenses that have been incurred but not yet paid, reflecting obligations on the balance sheet.
Indirect Method
A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred taxes, and changes in working capital to calculate cash flow from operating activities.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
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