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Adjusting Entry
A journal entry made at the end of an accounting period to update the ledger accounts for accruals, deferrals, and other adjustments necessary to ensure accurate financial reports.
Revenue Account
A revenue account tracks the income generated from a company's primary operations, such as sales of goods and services, during an accounting period.
Unearned Management Fees
Income received by a business for services that have not yet been rendered, considered a liability until the service is provided.
Management Fees Revenue
Income earned by a company for providing managerial services, which can include advisory, administrative, or general management services.
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