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__________ and __________ can both cause safety issues if not properly attended to while working on equipment.
Ending Equity
The value of an owner’s interest in a company at the end of an accounting period, determined by subtracting liabilities from assets.
Payroll Accrual
An accounting method that records payroll expenses incurred but not yet paid out to employees, ensuring expenses are recognized in the period they are incurred.
Accounting Period
The span of time covered by financial statements, often a quarter or year, reflecting the company's financial performance and position.
Accrual Entry
An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.
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