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What is "writer's block"?
Owner's Equity Statement
A financial document showing the changes in the equity of a business entity over a period, including investments, withdrawals, and net income or loss.
Sole Proprietorship
A business owned by a single individual who is responsible for its liabilities and entitled to its profits.
Proprietorship
A business structure owned by a single individual, where the owner and the business are legally treated as the same.
Basic Accounting Equation
Assets equal liabilities plus equity; the foundational equation in accounting expressing the principle of balance in a firm's financial position.
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