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Employee Wages
Compensation paid to employees for their labor, including salaries, hourly wages, and commissions.
Operating Expenses
The costs associated with the normal operations of a business, such as salaries, rent, and utilities.
Financial Statements
Compiled reports detailing the financial activities and position of a business, person, or other entity.
Accrual Basis
A financial recording strategy where income and costs are documented at the point they are generated or incurred, irrespective of the timing of cash transactions.
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