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Liabilities include things like income the small business owes to help keep it operational. Overhead and operational fees, rents, taxes and salaries are all A part of the liabilities in a company, and payable dividends.
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Investopedia defines the basic accounting equation as the muse in the double-entry accounting procedure. This exhibits the corporation's stability sheet applying the business's property or the sum of liabilities and capital/ shareholder's equity.
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