Examlex
Match each property with an example of how that text might appear if that property is applied.
-text appears italic
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period, simplifying record-keeping.
Profit Margin
A financial ratio calculated as net income divided by revenue, expressing the percentage of each dollar of revenue that remains as profit.
Net Income
The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Net Sales
The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and discounts.
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