Examlex
Spitz found that if children do not receive direct physical contact,their emotional,social,intellectual,and physical development will be severely stunted.
Accrued
Describes expenses or revenues that have been incurred but not yet recorded through a payment or receipt, reflecting in accounts payable or receivable.
Deferred
Refers to items or transactions that have been postponed or delayed to a future date.
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid out, respectively.
Accrual Basis
A financial recording technique that documents income and costs at the time they are generated or incurred, without consideration of when the actual cash transaction occurs.
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