Examlex
Which is not correct regarding the Quality Data Model (QDM) ?
Accrued Expense
Expenses incurred but not yet paid or recorded at the end of an accounting period, recognizing expenses when they are incurred, not when they are paid.
Salary Owed
The amount of money that an employer is required to pay to an employee for work performed, which has not yet been paid at the statement date.
Unearned Gym Memberships
Income received by a gym or fitness center from memberships that have been paid for but not yet fully utilized, considered a liability until the services are rendered.
Gym Memberships Revenue
Income received from customers for granting access and use of a gym's facilities.
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