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Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.
Debit Column
A column in financial statements and ledgers used to record and summarize debit transactions.
Worksheet
A document used in accounting to gather information from ledger accounts for use in preparing financial statements.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and placed into service.
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