Examlex
-What does "A" represent on the diagram of the skull and brain?
Liability Account
A financial accounting term representing the debts or obligations of a company incurred during business operations.
Asset Account
An account on a company's balance sheet that represents the value of all assets that the company owns.
Unearned Rent
Income received for rent that has not yet been earned because the period covered by the payment has not yet passed.
Rental Income
Income received from renting out property or other assets.
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