ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OCCURRENCE deals with whether recorded transactions have occurred during a given period. For example, management asserts that sales in the income statement represent the exchange of goods or services with customers for cash or other consideration.
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LEONE is a currency of Sierra Leone.
LIFO RESERVE is the difference between the ending inventory under LIFO and FIFO (or other method that might be chosen).