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What was the primary result of introducing the zamindar system in rural India?
Par Value
Par value is the face value of a bond or the stock value stated in the corporate charter, below which shares cannot be issued.
Installment Note Payable
A liability representing a loan that requires regular payments or installments over a specified period until the full principal and interest are paid.
Interest Expense
The amount an entity pays over time for the use of borrowed funds.
General Journal Entry
A general journal entry is a record of financial transactions in the accounting records of a business.
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