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Calendar Year
A period of 365 days—or 366 days in a leap year—starting from January 1st to December 31st, used for financial and administrative purposes.
Interim Financial Statement
Interim financial statements are financial reports covering a period of less than a full fiscal year, providing a more immediate view of financial health.
Capital
Refers to financial assets or the financial value of assets, such as cash and goods, used by a business to fund its operations and growth.
Fees Earned
Income received from providing services, typically recognized in the accounting period when the services are rendered.
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