Examlex
_____________ are jails that are built and run using the combine resources of a variety of local jurisdictions.
Accrual Accounting
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Cash-Basis Accounting
An accounting method where revenues and expenses are recorded when cash is received or paid, rather than when they are earned or incurred.
Matching Principle
An accounting principle that dictates expenses should be matched with the revenues they help to generate within the same period.
Generating Revenue
The process by which a company earns income through its business activities, such as selling goods or services.
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