Examlex
Which of the following statements about risk is/are correct?
Account Category
The classification of accounts into different types, such as assets, liabilities, equity, revenue, and expenses, to organize financial information effectively.
Assets
Economic resources or valuable items owned by a business, capable of being converted into cash or used in generating revenue.
Liabilities
Financial obligations a company owes to outside parties, such as loans or accounts payable.
Furniture
Movable articles intended to support various human activities such as seating, eating, and sleeping, often used to outfit a living or working space.
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