Examlex
An iron triangle includes all of the following EXCEPT
Interest Allowance
An amount that reduces the gross interest income earned, related to the cost of borrowing or credit facilities.
Income Summary
An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.
Net Loss
The amount by which total expenses exceed total revenues for a business during a specific period, indicating a reduction in equity.
Salary Allowances
Compensation or benefits on top of regular salary, often for specific purposes like housing, travel, or meals.
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