Examlex
Some companies use the _________________ principle or the __________________ constraint to avoid assigning incidental costs of acquiring merchandise to inventory.
Supplies Account
An account used in accounting to track the cost of supplies purchased and used by a business within a specific accounting period.
Wages Accrued
Amounts of money earned by employees for work done that have not yet been paid by the company.
Depreciation
A technique for spreading out the expense of a physical asset across its lifespan.
Rent Expired
An expense recognized when the rental period has ended, reflecting the cost of using a property or equipment for that period.
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