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Evaluate: (-5)-3
Total Liabilities
Total liabilities represent the aggregate of all debts and financial obligations owed by an entity at a given point in time.
Processing Transactions
Processing transactions involves recording, analyzing, and managing the financial events and transactions of a company, ensuring accuracy in the financial statements.
Accounting Equation
The accounting equation is a fundamental principle of financial accounting that states assets equal liabilities plus equity.
Source Documents
Original records or documents that contain the details of a business transaction, used as evidence in accounting.
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