Examlex
Pitch = ____.
Unearned Revenues
Income received by a company for goods or services yet to be delivered or performed, considered a liability until earned.
Revenues
The total income generated by a company from its normal business operations, before any expenses are subtracted.
Debits
Entries made on the left-hand side of an account, representing an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
Increase Side
Typically refers to the side of an account (debit or credit) used to record increases in that account, varying by the type of account.
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