Examlex
Although probationers live at home and have regular jobs, they must also:
Cost Of Goods Sold
A financial measure that calculates the cost incurred to produce products sold by a company, including materials and labor.
Gross Profit
The income a business earns once it subtracts the expenses involved in producing and marketing its goods, or the expenses related to delivering its services.
Other Revenue And Expenses
These refer to the income and costs that are not related to the main business activities of a company.
Purchases Account
An account used in the accounting for all goods bought for resale or for use in the production process.
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