Examlex
________ refers to the unique psychological characteristics that distinguish a person or group.
Balance Sheet
A statement that displays the financial standing of a company, including what it owns, owes, and the value held by investors, at a given time.
Owner's Equity
The residual interest in the assets of a business after deducting its liabilities; represents the ownership interest of shareholders or owners.
Assets
Resources owned or controlled by a business that are expected to bring future economic benefits.
Accrual Basis
An accounting method where transactions are recorded when they occur, regardless of when cash is exchanged, focusing on economic events rather than cash flow.
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