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In the context of aggression,identify a true statement.
Unearned Revenues
Unearned revenues refer to money received by a company for goods or services that have not yet been provided to the customer.
Liability
A financial obligation or debt owed by an individual or company to another entity, requiring the transfer of resources at a future date.
Credits
An accounting entry that increases liabilities or equity or decreases assets on a company's balance sheet.
Debits
Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts, typically noted on the left side of accounting ledgers.
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