Incurred but not reported (IBNR) is a type of reserve account used in the insurance industry as the provision for claims and/or events that have transpired, but have not yet been reported to an insurance company. In IBNR situations, anactuarywill estimate potential damages, and the insurance ...
aOrdinary expenses such as stationery, electricity, salaries, insurance, rent and interest are incurred in the accounting period and any difference with the matching of the accounting period to the expense incurred is a balance-day adjustment. 普通的费用例如文具、电、薪金、保险、租和兴趣在会计年度...
Answer to: An accrued expense is an expense: a. Incurred but not paid. b. Incurred and paid. c. Paid but not incurred. d. Not reasonably estimable...
"roe is calculated by using net income/total asset"Read again