-Refer to the graph above. Points A, B, and C represent ________, ________, and ________, respectively.
Definitions:
Chart of Accounts
An organized list of all ledger account titles and numbers used by a company, detailing all transactions' recording places.
General Ledger
A comprehensive record of all financial transactions of a company, systematically organized by accounts.
Net Income
The remaining earnings of a company following the deduction of all expenses and taxes from its total income.
Deferred Revenue
Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet.
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