Examlex
Verify that each equation is an identity.
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Correcting Entries
Journal entries made to correct errors found in the accounting records after the posting process.
Service Revenue
Income earned by a company for the services it has provided to its customers.
Utilities Expense
Costs incurred by a business for basic services such as electricity, water, and gas, classified under operating expenses in the income statement.
Owner's Drawings
Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.
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