Examlex
Gamma Pty Ltd would be a small proprietary company as its records show:
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in net profit or loss.
Fixed Assets
Physical assets with a useful life greater than one year, which are used in the operations of a business, such as machinery or buildings.
Net Cash Flow
The difference between the cash inflows and cash outflows in a business over a specified period.
Depreciation Expense
A non-cash expense recorded on the income statement, reflecting the gradual reduction of an asset's value over its useful life.
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