Examlex
The translation process of converting source code into machine language (object code) is performed by which of the following?
Revenue
The total amount of money received by a company for goods sold or services provided during a specific period.
Expense
An outflow of money to another person or entity to pay for an item or service or for a category of costs.
Owner's Capital Account
An equity account on a company's balance sheet representing the owner's invested funds plus the net income minus the withdrawals by the owner.
Closing Entries
A set of journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.
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