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Banks should never assume any interest rate risk.
Current Liabilities
Obligations or debts that a company is expected to pay off within one year or within its operating cycle, whichever is longer.
Current Assets
These are short-term assets likely to be converted into cash, utilized, or sold within the business cycle or a year.
Utilities Expense
The cost incurred by businesses or households for the consumption of utilities like electricity, water, and gas.
Journal Entries
A record of financial transactions in accounting, documenting the debit and credit effects on specific accounts.
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