Examlex
Discuss social media and its components.
Sole Shareholder
An individual or entity that is the only owner of all the shares of a company, thus having complete control over its operations.
Closing Entry
Entries recorded at the conclusion of a financial period for the purpose of shifting balances from temporary to permanent accounts.
Worksheet
A document used by accountants to organize various financial statements and supporting details during an accounting cycle.
Net Income
The total revenue of a business minus total expenses, indicating the company's profit after all expense deductions.
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