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Income Statement
A financial document that shows a company's revenues, expenses, and net income over a specific period.
Account Receivable
Debts owed by clients to a company for products or services provided on a credit basis.
Cash
Coins, currency (paper money), checks, money orders, and money on deposit that is available for unrestricted withdrawal from banks and other financial institutions.
Internal Control System
A set of procedures and mechanisms implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
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