Examlex
Identify the orientations of right-brain thinking.
Unearned Revenue
Money received by a company for goods or services that have not yet been delivered or performed, considered a liability until the income is earned.
Cash
Money in the form of coins or banknotes, especially that held to conduct transactions or as part of a business's liquid assets.
Prepaid Insurance
An asset account that represents payments made in advance for insurance coverage, which is expensed over the period the insurance policy is in effect.
Trial Balance
A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to check for the arithmetic accuracy of the accounts.
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