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What is the purpose of shadowing?
Accounting Equation
The foundational equation in accounting stating that Assets = Liabilities + Equity, ensuring balance in a company's financial statements.
Transaction
An exchange or transfer of goods, services, or funds between two or more parties.
Account Type
A classification used in accounting to differentiate various types of financial records, such as assets, liabilities, equity, revenues, and expenses.
Profitable
A financial condition where income exceeds expenses resulting in a net gain.
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