COST ACCUMULATION METHODS Definition

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COST ACCUMULATION METHODS are the various ways in which the entries in a set of cost accounts may be aggregated to provide different perspectives on the information.

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DEFICIT SPENDING is an excess of government expenditures over government revenue, resulting in a shortfall that must be financed through borrowing.

UNDERBUDGETED is a line item within a budget to where the budgeted amount is not sufficient to cover the actual amount.

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