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Despite the criticisms launched against the DSM,it does have considerable overlap with the diagnostic categories contained in the ICD used by the World Health Organization.
Income Summary
An account used in the closing process that summarizes the revenues and expenses for a period, helping to determine the net income or loss.
Revenue Account
An account that tracks the income earned by a business from its normal operations, such as sales of goods or services.
Capital
Financial resources or assets owned by a business, used to fund operations and investments.
Net Loss
A financial situation where the total expenses of a business exceed its total revenues, indicating a negative profit.
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