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Chapter 8

TermDefinition
Worksheet Working paper used to collect information from the ledger accounts in one place.
Ruling Drawing a line under a column amounts.
Matching Principle Principle requiring that the expense incurred in an accounting period are matched with revenue earned in the same period.
Net Income The amount of reenue that remains after expenses for the period have been subtracted.
Created by: 333317
Popular Accounting sets

 

 



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