Examlex
Which of the following is an example of convection?
Correcting Entry
A journal entry made in an accounting ledger to correct a previously made error.
Unearned Service Revenue
Money received by a company for services yet to be provided, classified as a liability because it is an obligation to deliver services in the future.
Correcting Entry
An accounting entry made to correct an error found in the previously issued financial statements or records.
Service Revenue
Income earned by a company for providing intangible products or services to customers.
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