Examlex
What is the process of modifying behaviour through positive or negative consequences following specific behaviours?
Expenses
Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.
Owner's Drawings
Withdrawals made by the owner of a sole proprietorship or partnership from the business for personal use.
Revenues
The total income generated from the sale of goods or services related to a company's primary operations.
Adjusting Entries
Entries recorded in journals at the conclusion of an accounting period to assign revenues and costs to the time frame in which they were genuinely incurred.
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