Examlex
The running head consists of the first four or five words from the title.
Expenses
Costs incurred during business operations to generate revenue, which may include rent, salaries, and materials.
Generate Revenues
The process of earning income through the sale of goods or services provided by a business.
Obligations
Obligations are responsibilities or legal commitments that arise from contracts, laws, or financial agreements, requiring entities to settle debts or perform specific actions.
Liabilities
Future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events.
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