Examlex
Expense items which have had more processing than raw materials and become part of a finished product are component parts and materials.
Utility Bills
Invoices sent by service providers (water, gas, electricity) to consumers for the consumption of utilities.
Entertainment Costs
Expenses incurred for activities related to enjoyment, such as movies, sports events, and concerts.
Net Worth
The difference between a person’s assets (what is owned) and that person’s liabilities (what is owed).
Liabilities
Financial obligations or debts that a company or individual owes to others.
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