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Accounting Method
The rules and procedures that a company follows in reporting its financial transactions, including how it records income and expenses.
Income Statement
A document detailing a firm's earnings, outgoings, and profit within a designated timeframe.
Continuing Operations
Parts of a business expected to continue for the foreseeable future, exclusive of any segments that may be sold off or discontinued.
Audit
A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.
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