Using an Informal E-Mail Address Such as GroovyGal@address

question 52

True/False

Using an informal e-mail address such as [e-mail] is appropriate in the business setting because it seems unintimidating.

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Definitions:

Service Fees Earned

Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.

Work Sheet

A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating expenses.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a specific period, facilitating the transfer of their net effect to capital or owner's equity.