To Get Clips Online, Click the Find More at Office

question 189

True/False

To get clips online, click the Find more at Office.com hyperlink at the bottom of the Clip Art task pane.

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Definitions:

Adjusting Entry

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

Unearned Revenue

Income received by a company for goods or services that have yet to be provided to the purchaser.

Prepaid Rent

Prepaid rent refers to rent payments made in advance for a specified period, which is recorded as an asset on the balance sheet until it is consumed or the rental period passes.

Rent Expense

A periodic payment made by a tenant to occupy property or use equipment, recorded as an expense on the income statement.