Examlex
Match the photographic term with its definition:
-positive
Expenses
Costs incurred in the operation of a business; these are necessary for the company to generate revenues.
Financial Reports
Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements, among others.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal indicating that the ledger accounts are properly balanced.
Residual Value
The estimated value that an asset will have at the end of its useful life.
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