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Accounting Chapter 1

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Accounting term
Definition
Assets
Liabilities
Capital
Inventory
Trade receivables
Trade payables
Assets
$
Liabilities
$
Capital
$
126 500
84 500
……….
163 250
………..
125 000
………..
19 380
79 000
205 340
112 590
………..
Asset
Premises
Loan from AB Loans
Inventory
Trade payables
Motor vehicle
Balance at bank
Loan to employee
Trade receivables
Liability
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