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Break Even Point
The level of sales at which total revenue equals total costs, meaning the business makes no profit but also no loss. It’s a key metric for planning, pricing, and assessing risk. Once past the break-even point, every additional sale contributes to profit.
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Book Value
The net value of an asset or business recorded on the books, calculated as the original cost minus depreciation or…
Bookkeeping
The daily recording and organizing of all financial transactions, sales, purchases, receipts, and payments. It’s the foundation of accounting, keeping…
Biling
Billing is the process of issuing invoices to customers for goods or services provided. It’s a critical part of the…
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