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Owner's Capital
The total amount of money and assets invested in a company by its owner or shareholders.
Income Statement
A financial document that summarizes a company's revenues, expenses, and profits over a specific period.
Balance Sheet
A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and equity.
Adjusted Trial Balance
A financial statement prepared after adjusting entries are made, ensuring the total debits equal total credits.
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