Examlex
Many colleges are opting to not require the SAT or ACT as part of the admission process. Research the reasons as to why and what factors are they using in its place, if any?
Unearned Revenues
Income received by a company for goods or services that have yet to be delivered or performed.
Source Documents
Original records that provide evidence and details of business transactions, such as receipts and invoices.
Debit
A financial record that elevates an asset or expense account, or lessens a liability or equity account.
Double-entry Accounting
An accounting method where every financial transaction results in equal and opposite effects in at least two different accounts.
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