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Hi, need to submit a 500 words paper on the topic Finance Concepts. Personal Finance Concepts A company’s asset is defined as anything it owns that has the potential to produce future economic benefit

Hi, need to submit a 500 words paper on the topic Finance Concepts. Personal Finance Concepts A company’s asset is defined as anything it owns that has the potential to produce future economic benefit

When a company receives cash from a customer on account receivable, there is no movement in total assets because only asset accounts, i.e. cash and accounts receivable, are equally debited and credited, respectively.

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