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Debit
An accounting entry that represents either an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
Capital Balances
The amount of money that partners or owners have invested in the business.
Profits and Losses
Financial results of a company's operations, with profits indicating net income and losses indicating net expenses exceeding revenues.
Admitted
The term is commonly used in insurance, indicating an insurer is licensed to operate in a particular state. Otherwise, NO.
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