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Financial statements are usually prepared before the closing entries are made.
Accounts Payable
Money owed by a business to its suppliers.
Cash Inflow
The movement of money into a business or project, contributing to its financial resources.
Payment to Suppliers
Financial transactions that involve settling debts with vendors who provide goods or services to a business.
Dividends
Payments made by a corporation to its shareholder members, usually derived from the company's profits.
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