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Choose the one alternative that best completes the statement or answers the question.
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Capital
Financial assets or the resources that businesses use to fund their operations and growth, including cash, properties, and equipment.
Equipment Purchase
The acquisition of physical assets, such as machinery or tools, used in the operation of a business.
Down Payment
An initial upfront payment made when purchasing an item, especially real estate, which is part of the total purchase price.
On Account
A transaction where goods or services are provided with an agreement that payment will be made at a later date.
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