Examlex
First-line managers are responsible for the daily supervision of nonmanagerial employees.
Unearned Revenues
Funds paid to a business for products or services that are to be supplied or carried out in the future.
Adjusting Entry
An accounting entry made in the books at the end of an accounting period to allocate income and expenditure to the correct period.
Accrued Revenue
Revenue that has been earned through sales or services provided but not yet received by the company.
Adjusting Entry
A journal entry made at the end of an accounting period to record unrecorded income or expenses to ensure that the financial statements comply with the accrual basis of accounting.
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