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During Reconstruction, in regards to land ownership in the South,
Equipment
Tangible property used in the operations of a business, often contributing to the production of goods and services, and generally considered a long-term asset.
Cash
Currency and coins, along with bank balances, checks, and money orders, that are readily available for use.
Expense Account
An account that tracks money spent or costs incurred in an organization's efforts to generate revenue, representing the cost of doing business.
Credit Balance
The amount that appears on the right side of a ledger account, indicating that a liability has increased or an asset has decreased.
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