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What is an Augmented Product?
Capital Account
An account on the balance sheet that reflects the net worth and equity of an individual or business.
Withdrawals
Amounts taken out from a business by its owners for personal use, often affecting the owner's capital account.
Ending Inventory
The worth of products on hand for sale at the conclusion of an accounting cycle, determined by adding the starting inventory to acquisitions and then subtracting the cost of goods sold.
Merchandise Inventory
Goods or products that a company holds for the purpose of sale to customers in the ordinary course of business.
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