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Accounting Definitions
Essay specific features
Written by:
Kenneth D
Date added:
November 22, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 487
Was viewed:
4658 times
Rating of current essay:
Essay content:
(Q3) Define revenues and give three examples of revenue.
Revenues are increases in assets or decreases in liabilities resulting from operations. Example: dividends, interest and royalty paid to a company by another entity.
3. (Q4) Define expenses and give four examples of expenses.
Expenses are the assets used or liabilities incurred in the process of carrying out operations...
displayed 300 characters
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Example: dividends, interest and royalty paid to a company by another entity.
3. (Q4) Define expenses and give four examples of expenses.
Expenses are the assets used or liabilities incurred in the process of carrying out operations. For example, when a consulting company serves its clients, it incurs different expenses such as: with employee’s salaries, transportation, office supplies and electricity...
displayed 300 characters
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