Examlex
Factor by Grouping
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Normal balance
The side of an account (debit or credit) where increases in the account are recorded, depending on the account type.
Inventory balance
The total value of all goods and materials held by a company intended for sale or production.
Net Income
The profit of a company after all expenses and taxes have been deducted from revenue.
Operating Expenses
Operating expenses are the costs associated with running a business's day-to-day operations, excluding the cost of goods sold.
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