Examlex
Match each of the following terms with the appropriate definitions.
-The process of allocating the cost of natural resources to the periods when they are consumed.
Net Payroll
The total amount of wages paid to employees after the deduction of taxes and other withholdings.
IFRS
International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.
Expected Loss
An estimated amount a company anticipates losing due to credit risk or other potential business risks.
Lawsuit
A legal action taken by one person or entity against another person or entity, typically in a court of law, over a dispute.
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