TOTAL LIABILITIES & NET WORTH Definition

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TOTAL LIABILITIES & NET WORTH is the sum of all liability items and Net Worth.

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DOUBLE DECLINING BALANCE DEPRECIATION see DECLINING BALANCE DEPRECIATION METHOD.

EVIDENCE, in accounting, includes written and electronic information (e.g. checks, records of electronic fund transfers, invoices, contracts, and other information) that permits the auditor to reach conclusions through reasoning.

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