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Credit Column
The column in an accounting ledger where credit transactions are recorded, reflecting increases in liabilities, equity, or revenue, or decreases in assets or expenses.
Service Revenue
The income a company earns from providing services as opposed to selling physical goods, and it is recorded as it is earned in the accounting period.
Balance Sheet Columns
Sections in a balance sheet that categorize assets, liabilities, and shareholder's equity at a specific point in time.
Unearned Revenue
Money received by a company for goods or services not yet delivered or provided; often considered a liability.
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