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Evaluate .
Accrued Expense
Expenses that have been incurred but not yet paid, recognized in accounting even if no cash has been exchanged.
Property Taxes
Taxes levied by local governments on real estate owned by individuals and businesses based on the assessed value of the property.
Annual
Relating to a period of one year.
Adjusting Entry
An accounting entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
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