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Expenses
Costs incurred in the process of earning revenue, typically classified as operating or non-operating expenses.
Revenue
The total income generated from normal business operations, including the sale of goods and services before any expenses are deducted.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the company's assets.
Assets
Resources owned by a business or individual with economic value or future benefits.
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