Examlex
According to your text, what does the term "substances" refer to?
Balance Sheet
A report detailing a company's assets, liabilities, and shareholders' equity at a particular moment, providing an overview of its financial health.
Unearned Rent
Unearned rent is money received by a landlord for rent that has not yet been earned because the rental period has not occurred. It is recorded as a liability until the period passes.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.
Depreciation Expense
A technique for spreading out the expense of a physical asset throughout its lifespan.
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