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Hedonistic calculus or utilitarianism advocates that capital punishment is a very strong general deterrent and that individuals know this when they commit capital offences.
Revenue Accounts
Accounts used to record the income generated from a company’s core operating activities.
Expense Accounts
These are ledgers that track the costs incurred by a business during its operations, excluding the purchase of inventory.
Income Summary Account
A temporary ledger account used to transfer the balances of all revenue and expense accounts at the end of an accounting period to determine the net income or loss.
Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.
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