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Owner's Equity Statement
A financial document that outlines the changes in the ownership interest (equity) of a sole proprietorship or individual owner during a reporting period.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position, including assets, liabilities, and equity, at a specific point in time.
Owner's Equity
The residual interest in the assets of a company after deducting its liabilities, representing the owners' claims against the business.
Security System
A combination of hardware and software used to prevent unauthorized access to a building or computer network.
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