👉 Emolumentary is a term used in accounting to describe a reduction in the amount of an item or service that has been provided rather than lost. This can happen when there are errors in recording expenses or misinterpretations of financial statements, which leads to overcharging or undercharging for services or goods. In accounting, emolumentary refers to the difference between the actual amount of an expense (such as a payment) and its recorded amount. For example, if you sell a product for
