Examlex
Which of the following is a required program revenue category in the government-wide statement of activities?
Wages Payable
A liability account that records the amounts owed to employees for work performed that have not yet been paid.
Accounts Receivable
Funds that customers owe to a company for products or services provided but for which payment has not been received.
Unearned Revenue
Money received by a business for services or products yet to be delivered or provided, recognized as a liability on the balance sheet.
Ledger
A comprehensive set of accounts that records all financial transactions of a business, categorized by type.
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