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Orthodox Jews and Mormons have especially low rates of alcohol use, underscoring the
Owner's Equity
The residual interest in the assets of a business after deducting its liabilities; represents the ownership interest of shareholders or owners.
Assets
Resources owned or controlled by a business that are expected to bring future economic benefits.
Accrual Basis
An accounting method where transactions are recorded when they occur, regardless of when cash is exchanged, focusing on economic events rather than cash flow.
Ledger
A book or collection of financial accounts where double-entry bookkeeping transactions are recorded, including assets, liabilities, revenue, and expenses.
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