Examlex
Describe the most common spread footing.
Liability Account
A financial accounting account that represents obligations to pay debts or amounts owed to others.
Capital Account
An account showing the net worth of a business entity, including its equity and investments.
Asset Account
An account that records the assets owned by a company, showing their value on the balance sheet.
Cash Balance
The amount of cash or cash equivalents a company or individual possesses at any given time.
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