Examlex
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Assets and Liabilities
A financial accounting term referring to a company's resources (assets) and obligations (liabilities).
Bookkeeping Accounts
The records of the financial transactions and positions of a business, systematically organized for reporting and analysis.
Double-entry Bookkeeping
An accounting practice where every financial transaction is entered as both a debit in one account and an equivalent credit in another, ensuring the books are always balanced.
Revenues and Expenses
Financial terms referring to the income generated from business activities (revenues) and the costs incurred (expenses) during a specified period.
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