Examlex
Identify six ways to establish your credibility in persuasive messages.
Unearned Revenue
Refers to the money received by a company for goods or services yet to be delivered or performed, thus considered a liability.
Prepayment
The act of paying for a good, service, or expense in advance before receiving or incurring it.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.
Economic Entity Assumption
An assumption that requires that the activities of the entity be kept separate and distinct from the activities of its owner and all other economic entities.
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