Examlex
Which of the following develops first in children?
Expenses
The outflows or using up of assets as part of operations of a business to generate revenue.
Revenue
The total amount of money generated by the sale of goods or services related to a company's primary operations during a specific period.
Gains Or Losses
The financial results from selling assets or incurring liabilities, measured as the difference between the sale proceeds and the value recorded in accounts.
Property, Plant
Long-term tangible assets, such as land, buildings, and equipment, used in the operation of a business to generate income.
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