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What is a hematocrit?
Owner, Capital
An account on a company's balance sheet representing the owner's invested equity or interest in the business.
Liability Insurance Policy
Insurance coverage that protects against claims arising from injuries or damages to other people or property for which the insured is liable.
Prepaid Expense
Expenses paid in advance for goods or services to be received in the future, which are recorded as assets until they are actually used.
Adjusting Process
An analysis and updating of the accounts when financial statements are prepared.
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