Examlex
Some organizations require Word users to add document properties,so that other employees can view details about these files.
Operating Expenses
Expenses incurred from the regular activities of a business, such as rent, utilities, and salaries.
Perpetual System
A method of inventory accounting in which the inventory levels are updated in real-time with each sale or purchase.
Adjusting Entry
Journal entries made at the end of an accounting period to update the accounts for accruals or deferrals that were not previously recorded.
Gross Profit
The financial measure calculated by subtracting the cost of goods sold from revenue, representing the profit a company makes after deducting the costs associated with making and selling its products.
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