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The skull x-ray:
Supplies Expense
This refers to the cost recorded for supplies used during an accounting period, not necessarily when they were purchased.
Operating Income
Income generated from normal business operations, calculated by subtracting operating expenses from the gross profit.
Cash Account
An account that represents the amount of liquid assets or cash available to an individual or company.
Operating Expenses
Costs associated with the day-to-day functions of a business that are not directly tied to production.
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