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|Principle requiring that the expenses incurred in an accounting period are matched with revenue earned in the same period.
|The amount by which total revenue exceeds total expenses for the accounting period.
|The amount by which total expenses exceed total revenue for the accounting period.
|Drawing a line; a single rule (line) drawn under a column of figures indicates that the entries above the rule are to be added or subtracted. If an amount is a total and no further processing is needed, a double rule is drawn under it.
|A working paper used to collect information from the ledger accounts for use in completing end-of-period activities.