OPPORTUNITY COST OF REVENUE Definition

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OPPORTUNITY COST OF REVENUE (OCOR) is where revenue/money held now may be invested to produce more money - thus we consider opportunity cost a return or more revenue.

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BOOKKEEPING is the art, practice, or labor involved in the systematic recording of the transactions affecting a business.

RENT EXPIRED is based upon prepaid rent and the amount of time that has elapsed that is covered under the prepaid term of the rental.

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