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Shifa Mohiuddin
on Nov 15, 2024

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When an asset expires or is used up, it becomes revenue.

Asset Expires

Refers to the expiration or depletion of the useful life or service period of an asset, at which point it may no longer be productive or useful for the business.

Revenue

Revenue is the total amount of money that a company receives from its activities, mainly from sales of products or services, before any expenses are subtracted.

  • Recognize the significance and steps involved in adjusting accounting entries.
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Arpit SainiNov 20, 2024
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