Examlex
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Liabilities
Financial obligations or debts that an entity owes to external parties.
Equity
The value of an owner's interest in a property or a company, after all debts and other obligations have been accounted for.
Accounting
The systematic process of recording, reporting, and analyzing financial transactions of a business.
Information Age
A period in human history characterized by the shift from traditional industry to an economy based on information technology.
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