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Processing Transactions
Processing transactions involves recording, analyzing, and managing the financial events and transactions of a company, ensuring accuracy in the financial statements.
Accounting Equation
The accounting equation is a fundamental principle of financial accounting that states assets equal liabilities plus equity.
Source Documents
Original records or documents that contain the details of a business transaction, used as evidence in accounting.
Financial Leverage
The use of borrowed funds (debt) to amplify returns from investments or projects.
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