Examlex
Define the following terms
-pseudosurvey
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Prepaid Insurance
The portion of an insurance premium that has been paid in advance and is recognized as an asset until it is used.
Accrued Salaries
Salaries that have been incurred but not yet paid, representing an expense for the company and a liability until the payment is made.
Periodic Inventory System
An inventory accounting system where inventory levels and cost of goods sold are determined at the end of an accounting period through physical counts.
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