Examlex
The demand for airline pilots results from the demand for air travel. This fact is an example of
Unearned Rent
Revenue received by a landlord for rent that has not yet been earned because the time period the rent covers has not yet passed.
Rent Revenue
Income earned from leasing out properties or real estate to tenants.
Adjusting Entries
Adjusting entries are journal entries made at the end of an accounting period to update the accounts and ensure they reflect the true financial status of a company.
Prepaid Insurance
Prepaid insurance represents payments made for insurance coverage periods that have not yet occurred, and is recorded as an asset on the company's balance sheet.
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