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Social attitudes, legal requirements, industrial relations, technological and environmental changes generate the need of ……………………………..
Transactional Approach
An accounting method focusing on the individual transactions and events that have a financial impact on a company, analyzing each separately.
Net Income
The total earnings or profit of a company after subtracting all expenses, taxes, and costs, indicative of the company's financial health over a specific time period.
Income Statement
A financial statement showing a company's revenues, expenses, and profits over a specific period, indicating financial performance.
Financial Statement
Documents that present the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.
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