Examlex
State constitutions as interpreted by the highest court of the state control within the state unless the state constitution conflicts with the U.S. Constitution.
Accrual Basis
An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.
Cash Basis
An accounting method where revenues and expenses are recorded only when cash is received or paid out.
Accounting
The systematic process of recording, measuring, and communicating financial information to help in decision-making.
Supplies Used
The amount of supplies consumed during a specific period, which may be accounted for as an expense.
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