ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RECOGNIZE or RECOGNITION Definition
RECOGNIZE or RECOGNITION is the recording of a revenue or expense item in a given accounting period.
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VMI see VENDOR MANAGED INVENTORY.
SIMULATION is the representation of the operation or features of one process or system through the use of another. Computer simulation of waiting lines can determine the number of employees needed to serve customers at a particular time.
