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The problem of dualism refers to how:
Net Income
The conclusive financial gain of a company upon subtracting every expense and tax from its total sales revenue.
Owner Drawings
Withdrawals of cash or other assets from a company by the owner for personal use.
Revenue
The total income generated by a business from its normal business operations.
Post-Closing Trial Balance
A list of all accounts and their balances after closing entries are made, used to check the equality of debits and credits and prepare for the next accounting period.
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