Examlex
A person's status as a shareholder in a corporation automatically gives such person a right to be an employee of the corporation.
Accrued Revenue
Revenue that has been earned but not yet received in cash or recorded by the accounting system.
Adjusting
The process of making entries in the accounting records at the end of an accounting period to account for items that were not fully recorded.
Accruals
An accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the associated cash transactions.
Recorded
The act of documenting transactions, changes, or events in the relevant books or databases for future reference and analysis.
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