Examlex
What term refers to direct contacts between the firm and a customer?
Cash
A form of currency that represents immediate purchasing power and liquidity.
Correcting Entry
A journal entry made to amend an error in the accounting records.
Unearned Service Revenue
Liabilities arising when a business receives payment for services that have not yet been performed, recognized as revenue over time as services are provided.
Accounts Receivable
Customer debts to a company for the provision of services or delivery of goods not yet paid for.
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