Examlex
Provide a definition for invoice.
Income From Operations
The profit generated from a company's regular, core business operations, excluding any earnings from investments and other non-operational sources.
Operating Expenses
Expenses incurred from the regular activities of a business, such as rent, utilities, and salaries.
Perpetual System
A method of inventory accounting in which the inventory levels are updated in real-time with each sale or purchase.
Adjusting Entry
Journal entries made at the end of an accounting period to update the accounts for accruals or deferrals that were not previously recorded.
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