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After the War,many Former Colonies Found Themselves Worse Off Than

question 49

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After the war,many former colonies found themselves worse off than before,having lost troops and supplies in the support of their colonial powers,and were more dependent than ever on their colonial overlords.


Definitions:

Normal Balances

The side (debit or credit) of an account that is expected to increase, consistent with the principles of double-entry bookkeeping.

Assets

Economic resources owned or controlled by a business or individual, capable of producing value.

Liabilities

Financial obligations or debts owed by a business to external parties or entities.

Owner's Capital

The amount of money and assets the owner has invested in a business.

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