Examlex
Lyell is credited with the principle of _____________,which was described in his Principles of Geology.
Payroll
The total amount of wages and salaries paid by a company to its employees for a set period, including necessary taxes and deductions.
Share of the Profits
This term refers to the portion of a company's profits allocated to its shareholders or partners, indicating their financial gain from the business's success.
Closing Entry
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.
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