Profits of a Business Include the Salaries Paid to Its

question 184

True/False

Profits of a business include the salaries paid to its employees.

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Definitions:

Cash Collections

The process of gathering and processing payments received from customers, especially in terms of accounts receivable management.

Cash Disbursements

Payments made by a business in the form of cash or cash equivalents.

December

The last month of the year according to the Gregorian calendar, which is the twelfth one.

Merchandise

Goods that are purchased in finished form for the purpose of resale without further processing.