Examlex
What language below is for the transport and storage of data, with the focus on what the data is?
Fiscal Year
A one-year period that companies use for accounting and financial reporting purposes, which may or may not coincide with the calendar year.
Unexpired Insurance
The portion of an insurance premium that has not yet been used up and is considered a prepaid expense for the company.
Supplies Expense
The cost associated with consumable items or supplies used during a company's operations within an accounting period.
Adjusting Entry
A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.
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