Examlex
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Decrease Assets
Decrease in assets refers to a reduction in the economic resources controlled by a company, which can result from expenses, asset disposals, or liabilities being paid off.
Accounting Equation
The foundational equation in accounting, represented as Assets = Liabilities + Owner's Equity, illustrating a company's financial position.
Liabilities
Financial obligations or debts a company owes, which are expected to be paid in the future.
Increase Assets
The act of adding value to a company's assets through acquisitions, improvements, or successful business operations, leading to growth in the company's overall resources.
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