Examlex
The movement from point A to point B in the figure below illustrates the effect of:
Figure 8.1
Unearned Rent Revenue
Represents income received by a property owner for which the services (rental period) have not yet been provided.
Cash
Money in the form of currency that can include banknotes and coins, held in the immediate possession of or in bank accounts for the entity.
Rent
Payment made periodically by a lessee to a lessor for the use of land, buildings, or other property.
Unearned Revenue
Money received by a company for goods or services yet to be delivered or performed.
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