Examlex
Spoilage, rework, and scrap are irrelevant in job costing systems.
Depreciation
The process of methodically dividing the expense of a physical asset over its estimated useful life.
Prepaid Services
Expenses paid in advance for services which will be received in the future.
Unearned Fees
Income received by a company for services yet to be provided or completed; recognized as a liability until the service is performed.
Journalize
The process of recording financial transactions in the chronological order in a company's general journal.
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