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Sometimes the systems development life cycle is iterative.
Compound Entry
An accounting entry that involves multiple debits and/or credits in a single journal entry, typically used when a transaction affects more than two accounts.
Income Statement
A financial statement that provides a summary of a company's revenues, expenses, and profits or losses over a specific period of time.
Revenues
Aggregate income produced from the core activities of a business, mainly through the sale of goods and services.
Expenses
The outflow of money or other resources from a person or company to pay for goods or services.
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