Examlex
Panera wants to collect data about employee satisfaction within its organization. It decides to survey a sample of 500 employees by having a computer program automatically pick which employees will be in the sample. If it uses the payroll database as the list of names to choose from, which type of sampling method is Panera using?
Matching Principle
An accounting principle that dictates that expenses should be matched with the revenues they helped to generate in the same period.
Revenues
Revenues refer to the total amount of money earned by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.
Expenses
Outflows or other using up of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.
Accrual Adjusting Entry
An accounting entry made to record revenues earned or expenses incurred that have not yet been recorded through regular transactions.
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