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Socrates and Plato
-According to Socrates,the soul
Recognizes Revenue
The process of recording revenue in the financial statements when it is earned and realizable, following the accrual accounting principle.
Total Assets
The sum of all resources owned by a company, measured in terms of monetary value, as listed on the balance sheet.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding direct costs of producing goods or services.
Cash Basis
An accounting method where revenue and expenses are recognized when cash is received or paid, rather than when earned or incurred.
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