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_______ involves activities such as editing photos and designing layouts.
Financial Statement
A formal record of the financial activities of a business, person, or other entity, presenting its financial performance and position at a given point in time.
Specific Date
A particular day singled out from others because of its significance or relevance to an event or action.
Supplies on Credit
The acquisition of business supplies with an agreement to pay the supplier at a later date.
Accounting Equation
The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity (Assets = Liabilities + Equity).
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