Examlex
Failure to acquire words during the second year of life is a sign of language delay.
Incurred Expense
An expense that has been recognized in the accounting period in which it is incurred, regardless of when the payment is made.
Total Liabilities
The sum of all financial debts or obligations a company owes, shown on the balance sheet.
Expense Account
An account where business-related expenses are recorded, often used for tracking purposes for budgeting or tax deductions.
Incurred
Expenses, losses, or liabilities that have been suffered or assumed in the course of conducting business.
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