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The IPCC Fifth Assessment Report concludes
Bad Debts Expense
The cost recorded by businesses to cover accounts receivable that are not expected to be collected.
Rental Income
Rental income is income received from leasing out property or equipment, forming a source of earnings for businesses and individuals alike.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
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