Examlex
Which of the following was developed in the 198s to guide corporate support for ethical conduct by establishing a method for discussing best practices?
Interest Payable
A liability account showing the amount of interest expense that has been incurred but not yet paid.
Fiscal Period
A specific time period used for accounting purposes and financial reporting, usually spanning a year, but can also be a quarter or month.
Adjusting Entry
Bookkeeping entries executed at the termination of an accounting cycle, intended to apportion income and outlays to their respective periods of occurrence.
Accrue Wages
The process of recognizing wages that have been earned by employees but have not yet been paid out by the company.
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