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No record of transactions is made in an online computerized system.
Cash Transactions
Financial activities that involve the exchange of cash between two parties.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.
Balance Sheet
An overview document showing a business’s assets, liabilities, and the equity of its shareholders on a specific date.
Sole Proprietorship
A business structure where an individual owns and operates the business entirely, bearing unlimited liability for its debts and obligations.
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