What do you understand by the following terminology? Owners' equity Duality Accounting information Capital Retained profit Distribution

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What do you understand by the following terminology?

Owners' equity Duality Accounting information Capital Retained profit Distribution Dividend Depreciation Long-term liability Working capital Revenue Expense Transaction Adjustments Accounts Fixed asset Current liability Net current assets Cost of goods sold Extraordinary item Accumulated depreciation Cash flow Liquidity Gross profit Net profit Fundamental accounting equation

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Accounting An Introduction

ISBN: 193112

1st Edition

Authors: Arthur Hindmarch, Etc.

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