Examlex
Information is regarded as material if its omission or misstatement could influence the economic decisions made by users of financial reports.
Supplies on Hand
The current inventory of consumable items or materials available for use by a business.
Insurance Expired
The portion of an insurance premium that has been allocated to the expired portion of the insurance term.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life.
Salaries Accrued
Wages that have been earned by employees but have not yet been paid by the company.
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