Examlex
The Salaries Payable account is an example of an unearned revenue account.
Original Investment
The initial amount of money used to purchase an asset, start a business venture, or invest in a financial instrument.
Operating Business
An active entity engaged in commercial, industrial, or professional activities to generate profit.
Gross Profit
Gross Profit is the financial gain obtained after deducting the cost of goods sold from the total revenue, indicating the efficiency of a company's core business activities.
Net Profit
The amount of money that remains from revenues after all operating expenses, taxes, and interest have been subtracted.
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