Examlex
The condition of abnormally large auricles is called:
Net Income
The total profit of a company after all expenses, including taxes, have been deducted from revenue.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus equity, serving as the foundation for double-entry bookkeeping.
Business Transaction
Any event or exchange involving a transfer of value between two or more parties in a business context.
Assets
Resources owned by a company that have economic value and can provide future benefits.
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