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Private Logic

question 16

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Private logic


Definitions:

Wages Payable

A liability account reflecting the amount of salary or wages owed to employees for work performed but not yet paid.

Unearned Fees

Income received by a business for services that have not yet been performed or delivered.

Fees Earned

Revenue generated from providing services to clients or customers.

Fees Payable

Liabilities owed for services rendered by a third party, such as professional consulting or management services, that have not yet been paid.

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