Examlex
Multiply.
Revenue
The increase in assets or decrease in liabilities resulting from the sale of goods or the performance of services in the normal course of business.
ASPE
Accounting Standards for Private Enterprises; a set of accounting policies and procedures specifically for private companies in Canada.
Sales Account
An account in the general ledger that records the revenue generated from goods and services sold by a company during a specific period.
Defective
Pertaining to a product or component that has a flaw or imperfection that prevents it from functioning as intended.
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