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A truck gets stuck under a bridge. Several tow trucks are unable to pull it out. At last a little boy walks up and asks the red-faced adults trying to free the truck why they haven't let the air out of the truck's tires. Their oversight was due to
Revenue
The overall sum of revenue produced from selling goods or providing services tied to a business's core activities.
Double-Entry System
An accounting method that records each transaction twice, once as a debit in one account and once as a credit in another, ensuring the accounting equation remains balanced.
Revenues
Revenue accrued from sales of goods or services that are fundamental to an organization's core operations.
Expenses
The outflow of money or other resources incurred in the process of generating revenue.
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