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Learn about income, expenses, and savings in simple terms for kids and beginners. Discover how an accountant manages their money on payday, from recognizing expenses to balancing income and expenses. Understand the definition of expense recognition and the difference between capitalizing and expensing in basic accounting. Gain financial literacy and manage your money better with these essential concepts.

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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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