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Asset on Credit
An asset acquired by a company through borrowing or on terms that allow for deferred payment.
Accounts Receivable
Money owed to a business by its customers for goods or services sold on credit, typically collected within a short time period.
Individual Asset
A single item of property, whether tangible or intangible, that is owned and has value to the entity holding it.
Liability Decreases
A reduction in the amounts owed by an entity to external parties or creditors.
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