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A client diagnosed with diabetes is working with an OTA. Because diabetes is a chronic illness, it is important for the OTA to understand which of the following?
Accounting Equation
Represents the foundational principle of double-entry bookkeeping, stating that assets equal liabilities plus equity, serving as the basis for all accounting systems.
Liabilities
Financial obligations or debts that a company owes to others, which are recorded on the right side of the balance sheet.
Equity
Equity represents an owner's share in the assets of a company, after all liabilities have been subtracted.
Accounts Receivable
The balance of money owed to a company by its customers for goods or services delivered or used but not yet paid for.
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