Explain How the Partial Flowchart Demonstrates at Least Two Flowchart

question 62

Essay

Explain how the partial flowchart demonstrates at least two flowchart design principles discussed in the text.

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Definitions:

Landlord

An individual or entity that rents out real estate to tenants.

Deferred Revenue

Money received by a company for goods or services which have not yet been provided, recorded as a liability on the balance sheet until the services are rendered or goods are delivered.

Adjusting Entry

A journal entry made at the end of an accounting period to update the accounts and ensure they reflect all revenues earned and expenses incurred during the period.