Examlex
____ code is code for a function body that is inserted directly at the point where the function would be called.
Nominal Account
A nominal account is a temporary financial account that shows the incomes, gains, expenses, or losses over an accounting period, and is reset to zero at the beginning of each new period.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.
Balance Sheet
A statement of finances that shows the assets, liabilities, and equity of shareholders of a corporation at a certain moment.
Revenue Account
An account that tracks the income earned from normal business operations, such as sales of goods or services, distinguished from other types of income.
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