Balance Sheet
It is a snapshot of a company’s financial position at a specific point in time. It lists assets, liabilities, and owner’s equity, following the formula: Assets = Liabilities + Equity. The balance sheet shows what a business owns and owes, and how much is invested by owners.
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Bank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest…
Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
Business Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating…
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