Examlex
The three kinds of primary appraisals,according to Lazarus,are:
Beginning Equity
The value of an owner's interest in a company at the start of an accounting period.
Ending Equity
The value of an owner’s interest in a company at the end of an accounting period, determined by subtracting liabilities from assets.
Payroll Accrual
An accounting method that records payroll expenses incurred but not yet paid out to employees, ensuring expenses are recognized in the period they are incurred.
Accounting Period
The span of time covered by financial statements, often a quarter or year, reflecting the company's financial performance and position.
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