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Explain the Difference Between Protection and Security

question 7

Essay

Explain the difference between protection and security.


Definitions:

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during the course of business operations.

Revenue Account

An account that tracks the income generated from a company's primary operations.

Asset Account

An account on a balance sheet representing the resources owned by a company, with future economic benefit.

Unearned Revenue

Revenue received by a company for goods or services that are yet to be delivered or performed.

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