Examlex
In German product liability cases,consumers do not have a right to recover damages for pain and suffering or for emotional distress.
Contingent Liability
A potential financial obligation that depends on a future event that is not certain to happen.
ASPE
Accounting Standards for Private Enterprises; a set of accounting principles and guidelines designed specifically for private companies in Canada.
Accounting Records
Documents and books that systematically capture all financial transactions of a business, serving as the foundation for its financial statements.
Adjusting Entry
Accounting entries made to update the records for accruals and deferrals that were not recorded during the accounting period.
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