Examlex
Novel tool building is an instance of:
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity, including income statement, balance sheet, and cash flow statement.
Cash Basis
An accounting method where revenue and expenses are recognized only when cash is received or paid.
Revenues
The total amount of money received by a company from its business activities, such as sales of products or services, before any deductions.
Revenue Recognition Principle
An accounting principle that determines the specific conditions under which revenue is recognized and recorded.
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