Examlex
The sequential steps of the communication process are:
Operating Activities
Activities directly related to the day-to-day operations of a business, such as sales revenue, expense payments, and invoicing.
Income Activities
Activities that generate revenue for a business through its operations, sales, and other income sources.
Primary Financial Statements
Core financial statements including the balance sheet, income statement, and cash flow statement that summarize a company's financial position and performance.
Proprietorship
A business entity that is owned and run by one individual where there is no legal distinction between the owner and the business.
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