Examlex
Externalities are generally reflected in market prices.
Profit & Loss Statement
A financial report that shows a company's revenues, expenses, and profits or losses over a specific period of time.
Account Types
This refers to the various categories used in accounting to classify financial transactions, such as assets, liabilities, equity, revenue, and expenses.
Revenues
Represent the total amount of income generated by the sale of goods or services related to a company's primary operations.
Asset Accounts
Accounts that represent the resources owned by a business, which are expected to provide future benefits.
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