Examlex
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Owned By
Indicates possession or ownership of an asset, property, or company by an individual, group, or entity.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owner's equity, providing the foundation for double-entry bookkeeping.
Supplies
Items used in the operation of a business that are consumed or are not permanent, such as stationery, cleaning products, and office supplies.
Limited Liability Company (LLC)
A company framework that merges the tax responsibilities of a partnership or sole proprietorship with the corporation's benefit of limited liability.
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