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The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met.
Rental Income
Income received from renting out property or other assets.
Rent Expense
Costs incurred from leasing a property or space for business operations or personal use.
Rental Income
Earnings generated from leasing out property or equipment, recorded as income by the property owner or lessor.
Normal Balance
The aspect of an account, be it on the debit or credit side, designated for recording increments to the account.
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