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Learn how to calculate total liabilities and understand the basics of a balance sheet for beginners. Discover the importance of assets, liabilities, and equity in accounting, and how debits and credits work. Watch a short video on YouTube Shorts for a full example of a balance sheet and learn the ins and outs of financial accounting. Perfect for those starting out in finance or cryptocurrency.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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