Examlex
The number of entity classes involved in a relationship is known as the relationship's ________.
Generating Revenues
The process by which a company earns income through the sale of goods or services.
Expenses
Outflows or using up of assets, or incurring liabilities, as a result of operational activities intended to generate revenue.
Financial Statement
A summary report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.
Accounts
Records that summarize financial transactions pertaining to a business entity’s assets, liabilities, equity, revenues, and expenses.
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