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Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities, either for-profit or nonprofit.
Supplies
Supplies refer to items used in the regular operation of a business that are not directly part of finished goods.
Liabilities
Liabilities refer to the financial obligations of a business or an individual, encompassing all debts and amounts owed to others.
GAAP
Generally Accepted Accounting Principles, which are a set of rules and standards designated for accounting practices and financial reporting in the U.S.
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