UNBILLED REVENUE Definition

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UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

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ERROR OF COMISSION is an error that occurs as a result of an action taken. In accounting, the error occurs when one or both of the double entries are made in the correct class of account but the wrong account within that class.

STATEMENT OF STOCKHOLDERS EQUITY is a summary of the changes in stockholders equity of a corporation that have occurred during a specific period of time.

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