Cost of Sales vs. Operating Expenses

Companies incur and record costs in running the day-to-day operations of the business. These costs are separated into two categories—Cost of Sales and Operating Expenses. Cost of sales may also be called cost of services […]

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Where do the financial statements come from?

Most people know from their own experience that finance is considered a difficult and confusing subject, especially for those who do not work with it every day. Few people know that the first balance sheet […]

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