Examlex
Pledges of accounts receivable are made on ________ basis, respectively.
Capital
Financial resources or assets owned by a business, used to fund operations and investments.
Net Loss
A financial situation where the total expenses of a business exceed its total revenues, indicating a negative profit.
Income Summary
An account in which the revenues and expenses are summarized during the closing process, used to transfer net income or loss to owner's equity.
Net Income
The net income a company earns once all costs and taxes are deducted from its total revenues.
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