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What are the three categories of processing control?
Income Ratio
The Income Ratio is a financial metric used to assess a company's profitability by comparing its income to a particular base, such as revenue or assets.
Capital Balance
The amount of money invested in a business by its owners or shareholders, reflected in the company's balance sheet.
Revenue Accounts
These accounts track the income earned by a company from its sales or services before any deductions are made.
Expense Accounts
Accounts used to track money spent or costs incurred by a business in its operational activities.
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