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Our early identity models are most likely to be
Debit and Credit Logic
The foundational concept of accounting that uses debits and credits to record changes in accounts, where debits increase assets or decrease liabilities and equity, and credits decrease assets or increase liabilities and equity.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period, indicating its financial performance.
Items Reported
Specific financial data points or transaction details disclosed in a company’s financial statements.
Accounting
Accounting is the systematic process of recording, measuring, and communicating financial information about an entity, facilitating decision making and financial management.
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