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Harappa culture was extremely primitive but did engage in agricultural activities.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.
Fixed Asset
A long-term tangible piece of property or equipment that a company uses in generating income and is not expected to be consumed or converted into cash within a year.
Current Asset
A current asset is any asset likely to be converted into cash within a year during the normal course of a business.
Units-Of-Output Method
A depreciation method where the expense is based on the number of units produced or the machine's hours used, reflecting actual usage.
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