Examlex
A validity check is an example of
Liabilities
Liabilities represent the financial obligations a company owes to outside parties, such as debt and accounts payable.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, indicating the net value owned by the shareholders.
Loan
A sum of money that is borrowed and expected to be paid back with interest by the borrower to the lender.
Accounting Equation
The foundational formula in accounting that states assets equal liabilities plus owners' equity, essentially showing what the company owns is financed by debt and shareholders' equity.
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