Examlex
The Australian Bureau of Statistics divides its statistics on GDP into four major categories. List the categories of expenditures and describe each.
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Prepaid Rent
An advance payment for rent that is recorded as an asset on the balance sheet until it is consumed.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.
Revenue Accounts
Accounts recording the income a company generates from its operations, not related to its investments or other sources.
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