Examlex
Match the medical terms with their definitions.
-Without feeling
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future, recorded as assets on the balance sheet until they are consumed or used.
Accounts Receivable
The amount owed to a business by its customers for goods or services that have been delivered but not yet paid for.
Net Income
The total revenue minus expenses, taxes, and costs, representing the profit of a company over a specific time period.
Direct Method
The direct method in accounting refers to a way of reporting cash flows from operating activities by directly listing major classes of gross cash receipts and payments.
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