Term
|
Definition
| estimated unpaid obligations for services or benefits that have been received prior to the balance sheet date; common accrued liabilities include accrued commissions, accrued income taxes, accrued payroll, and accrued rent |
|
|
Term
|
Definition
| the division of certain expenses, such as depreciation and manufacturing overhead, among several expense accounts |
|
|
Term
|
Definition
| the examination of underlying documentation of individual transactions and amounts making up the total of an expense account |
|
|
Term
|
Definition
| a computer file containing records for each piece of equipment and other types of property owned; the primary accounting record for manufacturing equipment and other property, plant,, and equipment accounts |
|
|
Term
|
Definition
| a record of insurance policies in force, the expiration date of each policy, premium amount and terms, and other policy specifics |
|
|
