Examlex
Which of the following is a common ethical guideline suggested by the American Psychological Association?
Operating Expenses
Ongoing costs for running a business that are not directly associated with creating the product or service.
Periodic Inventory System
A method for tracking inventory where the inventory count is physically updated at specific intervals, resulting in periodic adjustments.
Purchases Account
An account used in the accounting records to track the buying of merchandise for resale during an accounting period.
Temporary Account
An account that is cleared to zero at the end of an accounting period to calculate income and expenses for that period.
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