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A leader who stresses standard procedures, schedules the work to be done, and assigns subordinates to particular tasks is high on
Closing the Revenue
The process of transferring the balances from revenue accounts to a permanent equity account at the end of an accounting period.
Capital Account Balance
The amount in a company or partnership's capital account, representing ownership interest in the entity.
Withdraws
Money taken out of a business by its owner(s) for personal use.
Partnership
A business structure where two or more individuals share ownership, as well as the profits or losses of the business.
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