Examlex
A low-level view of the database that describes how the data are actually stored and accessed is the
Overstatement
This refers to the act of reporting a figure in financial statements that is higher than the actual or true value.
Unearned Rent
Refers to the amount received by a landlord for rent which has not yet been earned because the rental period has not occurred.
Rent Revenue
Income received from leasing out property or equipment to another party for a specified term.
Adjusting Entry
An accounting entry made into the books of accounts at the end of an accounting period to record any unrecognized income or expenses for that period.
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