Explanation

Expenses means the cost incurred in or required for something. 

Explanation

The macroeconomic perspective looks at the economy as a whole, focusing on goals like growth in the standard of living, unemployment, and inflation.

Explanation

Cash account with normal balance is shown at the debit side of a trial balance.

Explanation

Book keeping means the activity or occupation of keeping records of the financial affairs of a business.

Explanation

A point where profile of net present value crosses horizontal axis at plotted graph indicates project internal rate of return. The internal rate of return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.

Explanation

Graph which is plotted for projected net present value and capital rates is called net present value profile. The net present value mainly measures the net increase in the company's equity by working on a project. It is essentially the difference between the present value of cash flows and the initial investment based on the discount rate.

Explanation

Cost of goods sold is the carrying value of goods sold during a particular period.

Explanation

Net sales are operating revenues earned by a company for selling its products or rendering its services.

Explanation

Posting refers to the process of transferring entries in the journal into the accounts in the ledger.

Explanation