Examlex
In use scenarios,the goal is to describe the handful of most commonly occurring use scenarios so that the interface can be designed to enable the most common uses to be performed simply and easily.
Income Summary
An account used in closing entries to collect the revenue and expenses for a specific accounting period before transferring the net result to capital.
Expenses
Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.
Owner's Drawings
Withdrawals made by the owner of a sole proprietorship or partnership from the business for personal use.
Revenues
The total income generated from the sale of goods or services related to a company's primary operations.
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