An income statement lists a company's revenues, expenses and net income, or profit. Net income equals total revenue minus total expenses. A condensed income statement reports the same overall ...
Inventory consists of the products you sell to customers. Receivables, or accounts receivable, are the outstanding balances you have yet to collect for sales made on credit. Although inventory and ...
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Financial Accounting: What You Need to Know
Learn what every business owner needs to know about financial accounting, accounting software and financial statements.
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