Examlex
_______________ refers to an ability to visualize things on paper as they appear in actual,three-dimensional space.
Financial Accounting Information
The collection of financial data and statements that companies use to report their financial performance to external parties.
Creditor
An individual or institution that lends money or extends credit, expecting repayment in the future.
Basic Accounting Equation
The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.
Equipment
The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.
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