Examlex
________ feature remixable applications and data.
Unearned Revenue
Unearned revenue represents money received by an entity for a service or product that has yet to be provided or delivered. It is recorded as a liability on the balance sheet.
Capital Account
An account showing the net worth of a business at a specific point in time, reflecting owners' equity and investments.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments, used to prepare financial statements.
Permanent Accounts
Accounts that are not closed at the end of the accounting year and whose balances are carried forward to the next year, including assets, liabilities, and equity accounts.
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