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The beginning capital balance is $1,000; there are no additional investments or withdrawals by the owner during the accounting period. The period's revenue is $500 and expenses total $450. What is the ending capital balance (after closing entries) ?
IT Applications
Information Technology Applications refer to software and platforms designed to facilitate and automate various business or personal tasks using technology.
Small Organizations
Businesses or groups characterized by a small team size, limited resources, and localized operations.
IT Steering Committee
An IT Steering Committee is a governance group that provides strategic direction for information technology initiatives, ensuring alignment with the organization's goals and priorities.
IT Managers
Professionals responsible for overseeing the information technology (IT) needs of an organization, including its hardware, software, and network systems.
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