Examlex
Flat structures
Unearned Rent
Income received by a property owner for which the services (use of property) have not yet been provided.
Expense Accounts
Accounts used to track money spent or costs incurred in a business's operational activities.
Asset Accounts
Accounts that track the value of a company's economic resources, or assets, such as cash, inventory, property, and equipment.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
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