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Statement of Owner's Equity
A financial document that reports the changes in the equity of a company over a specific period, including withdrawals, investments, and net income.
Trial Balance
A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.
Income Statement
A financial report summarizing revenues, expenses, and profits over a specific period, showing a company's financial performance.
Financial Statement
Formal records that outline the financial activities and condition of a business, individual, or entity.
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