The Principal Types of __________________________ Include Fee Income,income from Fiduciary

question 98

Short Answer

The principal types of __________________________ include fee income,income from fiduciary activities,and service charges on deposits.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Cash Flow

The gross amount of capital circulated in and out of an enterprise, directly affecting its ability to meet immediate expenses.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Closing The Books

The process of finalizing all accounts and preparing financial statements at the end of an accounting period.