Examlex
-In the figure above,the item numbered 2 indicates the ____.
Adjusting Entry
A journal entry made at the end of an accounting period to record revenues and expenses in the period in which they actually occurred.
Supplies Expense
Represents the cost of supplies used during an accounting period, differentiating from supplies bought but not yet used.
Net Income
The total profit or loss of a company after all expenses, taxes, and costs have been deducted from total revenue, a key indicator of financial performance.
CPA Services
Professional services offered by Certified Public Accountants, including auditing, tax preparation and planning, and financial consulting.
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