Examlex
What are the two types of affectivity?
Service Revenue
Income earned by a company for performing a service rather than selling physical goods.
Salaries and Wages Expense
The total amount paid to employees for services rendered during a specific period; considered an operating expense.
Unearned Subscription Revenue
Income received from subscriptions before the service has been fully delivered or the term of the subscription has been fulfilled.
Liability
Financial obligations or debts that an entity owes to another party, which need to be settled over time through the transfer of economic benefits including money, goods, or services.
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