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Briefly describe error correction code RAM (ECC RAM) and explain how it works.
Revenue Account
An account in the general ledger that records the income earned by a company, from sales or services, before any deductions.
Net Loss
Occurs when a company's total expenses exceed its total revenues during a specific period, indicating negative profitability.
Revenue Accounts
Accounts that track the income earned from the sale of products or services.
Capital
Capital refers to the financial resources that businesses use to fund their operations and grow, including equity, debt, and retained earnings.
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