Examlex
Which of the following is the best description of a podcast?
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.
Net Income
The net earnings of a company, calculated by deducting all operating costs and taxes from the total income.
Adjusting Entries
Entries recorded in the journals at the conclusion of a fiscal period to distribute revenues and costs to the timeframe in which they genuinely took place.
Supplies Expense
The cost of supplies used during an accounting period, typically classified as an operating expense.
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