Examlex
Find the limit.
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Payment
The act of transferring money or value from one party to another as a form of settlement for goods, services, or obligations.
Unearned Fees
Revenue received by a company for services yet to be performed, recognized as a liability until the services are provided.
Fees Earned
Income received for services provided by a company or individual.
Adjusting Entry
A journal entry made in accounting to adjust income or expense accounts so they align with the accrual method of accounting.
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