Examlex
Before the first big wave of a tsunami,the sea may either ________ or suddenly _______.
Unearned Rent
Unearned rent is money received by a landlord for rent that has not yet been earned because the rental period has not occurred. It is recorded as a liability until the period passes.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.
Depreciation Expense
A technique for spreading out the expense of a physical asset throughout its lifespan.
Fixed Asset
Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as buildings, machinery, and equipment.
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