Examlex
Select the correct name for the following compound.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.
Balance Sheet
A statement of finances that shows the assets, liabilities, and equity of shareholders of a corporation at a certain moment.
Revenue Account
An account that tracks the income earned from normal business operations, such as sales of goods or services, distinguished from other types of income.
Withdrawal Account
A withdrawal account is an account in a partnership or sole proprietorship from which an owner can withdraw his or her share of the business profits.
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