Examlex
Divide and express the result in standard form.
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Unearned Revenues
Money received by a company for services or goods yet to be provided or delivered, recorded as a liability.
Revenues
Inflows of assets or settlements of liabilities from the company's primary operations, typically from sales of goods or services.
Debits
Accounting entries that increase assets or expenses or decrease liabilities, equity, and revenue.
Double-entry Accounting System
An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.
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