Examlex
Which of the following is NOT an advantage of a finance company over a commercial bank in providing services to small business customers?
Supplies Expense
The cost of consumable items used in the operation of a business, recorded as an expense during the period in which they are consumed.
Adjusted Trial Balance
A trial balance that has been adjusted for any journal entries or corrections, ensuring the accuracy of financial statements.
Net Income
Net income of the company, which is what remains after deducting taxes, expenses, and other costs from its total revenue.
Period
In finance and business, a period refers to a specific duration of time considered for accounting, reporting, or evaluation purposes.
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