Match the following terms with the correct definitions: 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change. 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating 4. loss. 5. Combination of products that make up total sales.

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.