Examlex
The phrase "owners' equivalent rent of primary residence" means the cost of housing services for one year.
Fees Earned
Revenue earned from providing services to clients or customers, typically recorded in the accounting period when the services are rendered.
Invoice
A document issued by a seller to a buyer that details a transaction and requests payment for goods or services provided.
Debit
An entry recorded on the left side of a ledger account that increases an asset or expense account, or decreases a liability, equity, or revenue account.
Credit
A financial arrangement where goods, services, or money is received in exchange for a promise to pay back later, often with interest.
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