Examlex
Business process outsourcing is the relocation of an entire business function,such as production,manufacturing,or customer service,to an independent service provider in the same or a different country.
Unearned Revenue
Funds paid to a company for products or services that have not yet been provided or completed.
Accrued Revenue
Income earned but not yet received, typically recorded with an adjusting journal entry.
Prepaid Expense
Prepaid expense refers to payments made in advance for goods or services to be received in the future, recognized as assets on a balance sheet.
Unearned Service Revenue
Income received in advance for services that have not yet been performed, considered a liability until the service is delivered.
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