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Cash Received
Money that a business or individual has taken in, whether from transactions, investments, or other sources.
Matching Concept
A fundamental principle in accounting that ensures expenses are matched with the revenues they generate in the same period.
Deferral Adjusting Entry
An accounting entry made to defer the recognition of revenue or expenses to a future period.
Unearned Revenue
Money received by an entity for a service or product that has yet to be delivered or completed.
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