Topic 4: Introduction to the Balance Sheet – Liabilities and Equity
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Topic 4: Introduction to the Balance Sheet – Liabilities and Equity
In this lesson, you’ll explore the remaining two pillars of the Balance Sheet: Liabilities and Equity. We break down what a business owes (liabilities) and what the owners truly own (equity), explaining key items such as Accounts Payable, Accrued Expenses, Short-Term Loans, Long-Term Debt, Share Capital, and Retained Earnings. You’ll also ...
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