Examlex
Mutation
Physical Count
The process of manually counting and verifying the quantities of inventory on hand at a specific point in time.
Unearned Rent
Income received for rent before the rental period has occurred, classified as a liability until the period passes.
Adjusting Entry
An accounting record entry made at the conclusion of an accounting period to assign income and expenses to the period they genuinely happened.
Revenue Account
An account that tracks the income earned from normal business operations, including sales of goods or services.
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