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If a membrane potential changes from -70mV to -65mV,
Incurred
This term refers to the recognition of costs or expenses in accounting when a company commits to them through its operations, regardless of when payment is made.
Wages Payable
Represents the total amount of wages earned by employees that have not yet been paid by the employer.
Wages Expense
The total cost incurred by a company for the payment of wages to its employees during a specific period.
Adjusting Entry
Financial records prepared at the close of an accounting timeframe to attribute profits and outlays to the specific period in which they happened.
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