INCOME STATEMENT - A statement that reports a company's financial performance over a specific accounting period. , INCOME - Money received, especially on a regular basis., EXPENSE - A cost that occurs as part of a company's operating activities during a specified accounting period. , AMORTISATION - An accounting technique used to incrementally lower the cost of value of a finite life. , PROFIT - A financial gain, especially the difference between the amount earned and the amount spent. , NET - The amount remaining after certain adjustments have been made for debts, deductions or expenses.,

ESP 1319 - VOCABULARY - WARM-UP

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