Examlex
What does L stand for in the following equation:
Revenues
The complete earnings derived from transactions involving goods or services that are fundamental to an organization's core functions.
Expenses
Outflows or the using up of assets or incurrence of liabilities from a company's activities intended to generate revenue.
End-Of-Period Spreadsheet
A tool used in accounting to gather all account balances at the end of an accounting period to prepare financial statements.
Dividends
Money paid out to shareholders by a business, generally coming from the business's profits.
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