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IT Controls Integrated into Internal Control Evaluations Explain input controls.
Accrued Expenses
Expenses that have been incurred but not yet paid, representing liabilities on the balance sheet.
Accounts Payable
Money owed by a company to its creditors for goods and services that have been purchased on credit.
Gain
An increase in wealth or resources, typically realized through the sale of an asset for more than its purchase price.
Accrued Selling Expenses
Expenses that have been incurred but not yet paid in the selling process, recorded on the balance sheet.
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