Examlex
The term "data communications" primarily refers to the transfer of data from primary memory to hard disks.
Year-End Adjustment
A financial correction or modification made at the end of a fiscal year to various accounts to properly state them for reporting purposes.
Bad Debts Expense
The portion of receivables that a company anticipates will not be collected and is thus written off as an expense in the financial statements.
Operating Expense
Incurred expenses that are related to a company's main operational activities, excluding cost of goods sold and capital expenditures.
Statement of Income
A financial statement that reports a company's financial performance over a specific period, showing income, expenses, and net profit or loss.
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