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What is the MBR?
Liability Accounts
These accounts track what a company owes to others, such as loans, accounts payable, mortgages, and other debts.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Unearned Revenue
Money received by a company for goods or services yet to be delivered or performed, considered a liability until the obligation is fulfilled.
Ticket Revenue
Income generated from the sale of tickets, commonly associated with events, performances, transport services, or attractions.
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