Examlex
The meaning of the abbreviation CC is ________.
Accrual Accounting
A financial recording approach that documents incomes and expenditures at the time they happen, irrespective of the actual cash flow.
Accrued Revenues
Income that has been earned but not yet received, recorded as an asset on the balance sheet to reflect sales that have taken place.
Liabilities
Financial obligations or debts that a company owes to others, which must be paid back in the future.
Profit Margin
Profit margin is a measure of profitability, calculated as net income divided by revenue, showing the percentage of each dollar of revenue that becomes profit.
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