Examlex
According to the Club of Rome,
Adjusting Entry
A journal entry made at the end of an accounting period to update the accounts and ensure they reflect all revenues earned and expenses incurred during the period.
Deferred Revenue
Income received by a company for goods or services yet to be provided; recognized as a liability until the service or product is delivered.
Journal Entry
A record in accounting that represents a transaction where debits and credits are equal, documenting financial transactions in the ledger.
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