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A ________ Lies Dormant Until a Predefined Condition Is Met;

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A ________ lies dormant until a predefined condition is met; the program then triggers an unauthorized act


Definitions:

Unearned Revenue

A liability account that records amount owed for goods or services in advance of delivery. The Cash account would record the receipt of cash.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Service Income

Income earned from the provision of services to clients or customers.

Unearned Service Revenue

Income received by a company for services yet to be provided, recorded as a liability until the services are performed.

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