Examlex
Explain the difference between the way real assets are created and the way financial assets are created.
Drawing Account
An account that tracks amounts withdrawn from a business by its owners for personal use, which reduces the owner's equity.
Capital Account
An account on a nation's balance of payments that records all transactions related to asset changes, including investments and loans.
Liabilities
Financial obligations or debts owed by a business to outsiders, which are required to be settled in the future.
Drawing
A withdrawal made by an owner from the business for personal use.
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