Examlex
Which of the following is the source of organic components in soils?
Prepaid Expenses
Prepaid expenses are future expenses that have been paid in advance, recognized as assets on a balance sheet until the services or goods are received or the expense is incurred.
Accrued Expenses
Accrued expenses are liabilities recognized on the books before they have been billed or paid.
Adjusting Entries
Entries made at the end of an accounting period to update the accounts for items that are not recorded during the regular accounting period.
Accrued Revenues
Revenue that has been earned but not yet received in cash or recorded, representing assets on the balance sheet.
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