Examlex
What are the three major steps of confrontation?
Expenses
The economic costs that a business incurs through its operations to earn revenue.
Accounting Process
The series of steps taken in recording, classifying, and summarizing financial transactions to prepare financial statements.
Financial Decision Making
The process of making choices related to finance, such as investments, budgeting, and funding, based on analyses and strategies.
Recording
The process of entering financial transactions and other information related to business operations into the accounting system.
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