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Equity

Equity represents the residual interest in a company’s assets after deducting liabilities. For owners, it reflects their stake in the business. In corporations, it includes common stock, retained earnings, and additional paid-in capital. Equity increases with profits and decreases with losses or withdrawals.

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Equitable Charge

An equitable charge is a claim on an asset that does not transfer ownership but grants the lender rights over…

Extended Trial Balance

An extended trial balance is a worksheet that expands the standard trial balance to include adjustment, income statement, and balance…

Expense Allocation

Expense allocation is the process of distributing shared or indirect costs across departments, projects, or cost centres. It ensures expenses…