Examlex
What is the order of processes that support the central dogma?
Revenue
The total amount of money earned by a business from its normal business operations, before any expenses are subtracted.
Credit Balance
An accounting situation where the sum of credits in an account exceeds the sum of debits, often seen in liability and revenue accounts.
Income Summary
An account used in the closing process that aggregates all revenues and expenses to determine the overall profit or loss.
Capital
The wealth, either financial or other assets, used by an individual or business to fund operations and facilitate growth.
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