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Three-year-old twins Gannon and Cole frequently engage in pretend play.This exemplifies
Gross Profit
The difference between sales revenue and the cost of goods sold, before deducting operating expenses, interest, and taxes.
Fiscal Year
A 12-month period used for accounting purposes and planning by organizations, which may not align with the calendar year.
Ledger
A comprehensive collection of a company's financial transactions, divided into individual accounts, and recorded in a way that balances are always maintained across assets, liabilities, and equity.
Physical Inventory
The manual count of all merchandise or stock in a store or warehouse at a particular time.
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