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Asenaca Waqatabu
on Oct 16, 2024

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The detail of individual revenue and expense accounts is reported on the balance sheet.

Balance Sheet

A report detailing a business's assets, liabilities, and equity held by shareholders at a certain moment.

Revenue

The total amount of money received by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Expense Accounts

Accounts used to record transactions relating to expenses incurred by a business, such as costs for materials, utilities, and salaries.

  • Understand the role and objective of key financial documents and their elements.
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Kay Marie BarbosaOct 17, 2024
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