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Term of the Day
accounting cushion
accounting convention
accounting cycle
Definition
The process of overstating an
expense
provision
, the purpose of which is to provide a larger
balance
in the estimated
liability
or
allowance
account
so it maximizes the
amount
of expense for a later
period
.
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
negotiable
net profit
net worth
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