The net value of an asset or business recorded on the books, calculated as the original cost minus depreciation or liabilities. For a company, it’s total assets minus total liabilities. Book value helps assess asset worth or compare with market value for investment decisions.
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest…
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
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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