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Sequence
A specific order in which related events, movements, or things follow each other.
Liability Account
An accounting record that captures the amounts a company owes to others, including loans, payables, and other financial obligations.
Capital Account
An account on a national level that records transactions of assets, liabilities, and investments between domestic and foreign entities.
Understated
A term used when financial records show a figure to be less than the actual amount, indicating a discrepancy or error.
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