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explain in simple words..and answer quickly plz. 3. Define the following: a. Accounts Receivable b. Trade Payables c. Short term Liabilities 4. Describe the purpose

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explain in simple words..and answer quickly plz.

3. Define the following: a. Accounts Receivable b. Trade Payables c. Short term Liabilities 4. Describe the purpose of the Balance Sheet

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