Examlex
The fact that drug users engage in robberies or that car thieves are likely to also use illicit drugs does not say anything about causality.
Subscription Revenue
Income generated from customers paying recurrent fees for access to a product or service over a period of time.
Accounting Equation
Assets = Liabilities + Owner’s Equity.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, usually a fiscal quarter or year, to calculate net income.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.
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