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The smart Trick of double entry accounting That No One is Discussing

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Liabilities signify all the things the business owes to another person, such as small-expression accounts payable owed to suppliers or long-term notes payable owed to a lender. At 12 months-close, it'll appear like https://graysonykzb006025.blog5.net/70581767/5-essential-elements-for-double-entry-accounting

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