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Explain how shadow banks, which don't take deposits, can have bank runs.
Net Loss
The amount by which total expenses exceed total revenues for a specific period, indicating a reduction in equity.
Accruals
Accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction takes place.
Unrecorded Expense
An expense that has been incurred but not yet documented or reported in the accounting records.
Unrecorded Revenue
Revenue that has been earned but has not yet been documented in the accounting records.
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