term1 Definition1term2 Definition2term3 Definition3
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Prepaid expenses
The advance payment of future expenses and are recorded as assets when cash is paid.
Unearned revenue
The advanced receipt of future revenues and are recorded as liabilities when cash is received.
Accured revenues
Unrecorded revenues that have been earned and for which case has yet to be received.
Accured Expenses
Unrecorded expenses that have been incurred and for which case has yet to be paid.
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