Examlex
Fill in the correct labels for the following figure using the word bank below.
-C ____________
Interest Revenue
Income earned from lending money or from investments in interest-bearing accounts or securities.
Matching Revenue
The accounting principle of recognizing revenue and the related expenses in the same accounting period to accurately report profit.
Incurred Expenses
Costs that have been realized or consumed, typically through the operation of a business.
Net Income
The total earnings of a company after deducting all expenses, including taxes and costs, from its total revenues, indicating its profitability.
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