Examlex
If the aggregate income of an island country is $8 million and income per capita is $5,000,the total population of the island is ________.
Ledgers
Financial records that contain a detailed account of all the financial transactions of a business.
Accrual Basis
An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.
Cash Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid out, not when they are earned or incurred.
Time Basis
A method of compensation or work arrangement based on the amount of time spent on a job rather than the task's outcome.
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