recognize

Definition

The recording of a revenue or expense item in given accounting period.

Use recognize in a sentence

You need to quickly recognize any patterns in the market and do your best to take advantage of them while you can.

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It will be important that you are able to recognize any new fads in the market and be able to adapt to them quickly.

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We were deciding when to recognize the receipt of payment, we could state that we received at the time of service or payment.

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living will recognition lag