Examlex
The sexual counterrevolution did little to change the fact that most sexually-active people in the United States had a high number of sexual partners.
Capital
The wealth in the form of money or other assets owned by a person or organization, or available for a purpose such as starting a company or investing.
Purchases
The total cost of goods acquired by a company for resale or use in production during an accounting period.
Freight-In Account
An accounting term for the cost of transporting goods into a business, which is part of the cost of goods sold.
Income Summary
An account in the ledger that is used during the closing process to collect all the temporary account balances before transferring the net result to the capital account.
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