Examlex
Match each description with the item below.
-John Charles Frémont
Correcting Entry
An entry made in the accounting records to amend a previously made error or oversight.
Rent Expense
The cost incurred by a business to use property or equipment for operational purposes, typically reported on the income statement.
Fees Earned
Income earned from providing services, recorded as revenue in the income statement.
Correcting Entry
An entry made in accounting records to correct a previous error or adjust for discrepancies.
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