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What is lymph?
Profit
The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Accounting Equation
The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity.
Office Equipment
Tangible items used in an office setting, such as computers, desks, and chairs, necessary for daily operations.
Liabilities
Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits.
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