Examlex
A company's supply chain includes more activities than does its value chain.
Credit Column
Part of an accounting record where increases in liabilities, revenues, and equity accounts are recorded.
Accounting Record
A documented transaction or financial event that is used in the process of accounting.
Owner's Equity
Owner's equity represents the owner's claim on the assets of a business, calculated as the business's assets minus its liabilities.
Assets Liabilities
Assets are resources owned by a business that have economic value, while liabilities are obligations of a business to transfer resources to another entity in the future.
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