Basic terms of accounting
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Basic Accounting Terms All Business Owners Should Know
Accounts Payable (AP) Accounts Payable include all of the expenses that a business has incurred but has not yet paid. ...
Accounts Receivable (AR) ...
Accrued Expense. ...
Asset (A) ...
Balance Sheet (BS) ...
Book Value (BV) ...
Equity (E) ...
Inventory.
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