Explain the difference between product and period expenses, Accounting Basics

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Explain the difference between product and period expenses

Discussion Post

• Explain the difference between product and period expenses. Provide one example of each. Why are period and product kept separate in the income statement?

• Explain what a provision is, making reference to the relevant key accounting concepts we have studied.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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Accounting Basics: Explain the difference between product and period expenses

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Accounting Basics: Explain the difference between product and period expenses

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