Examlex
When speaking in a videoconference, or delivering a speech virtually, it is recommended to alternate your gaze between the camera lens and the faces on the screen in order to
Income Summary
An account in which revenues and expenses are summarized, showing the net income or loss for a specific period before closing entries are made.
Net Income
Net income is the total revenue minus total expenses of a business, showing the company's profit during a specific period.
Correcting Entries
Journal entries made to amend previously recorded transactions that were incorrect or incomplete.
Operating Cycle
The duration of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from these sales.
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