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The three- domain system
Unearned Rent Revenue
Income received by a landlord in advance of providing rental space or services, recognized as a liability until the obligation is fulfilled.
Asset
An asset of monetary worth that is possessed or managed by a person, company, or nation, with the anticipation that it will yield benefits in the future.
Liability
A company's legal financial debts or obligations that arise during the course of business operations.
Ending Inventory
Ending Inventory is the total value of all unsold goods that a company has in its possession at the end of an accounting period.
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