Examlex
Which three traits distinguish humans from apes and other primates?
Shareholders' Equity
The residual interest in the assets of a company after deducting its liabilities.
Liabilities
Liabilities represent financial obligations or amounts owed by a business to creditors, which can include loans, accounts payable, mortgages, and other debts.
Accounting Equation
A fundamental principle of accounting reflecting that assets are equal to the sum of liabilities and shareholders' equity.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's transactions are mathematically correct.
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