Examlex
Perform the operations and simplify the result when possible.
Unearned Service Revenue
Income received by a company for services that have not yet been performed or delivered.
Correcting Entry
An accounting entry made to correct an error in the financial statements.
Supplies Expense
The cost associated with the consumption of supplies used in the operations of a business during an accounting period.
Equipment
Fixed assets used in operations, such as machinery, computers, and furniture, which have a useful life of more than one accounting period.
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