Examlex
Calculated fields are frequently created with ________ data.
Revenues
The total amount of money received by a company for goods sold or services provided during a certain period of time.
Net Income
The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.
Normal Balance
The side of an account (debit or credit) that increases. For assets and expenses, it's usually the debit side, and for liabilities, equity, and revenue, it's typically the credit side.
Owner's Capital Account
An equity account representing the total investment of the owner in the business, including initial contributions and subsequent earnings, minus any withdrawals.
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