Examlex
Give your own description of a fictitious person with a very high need for Achievement. In your example, discuss what kinds of careers are best suited for the person and how need for Achievement is like other trait measures. Does high need for Achievement always lead to success in the workplace?
Capital
The wealth, whether in money or other assets, owned or employed in business by an individual, firm, or corporation.
Withdrawal Account
An account from which funds can be withdrawn by the account holder; in the context of business partnerships, it refers to an account used by an owner or partner to draw funds from the business.
Income Summary
An account used in the closing process that summarizes revenues and expenses for a period before transferring the net income to retained earnings.
General Ledger
A complete record of all financial transactions over the life of a company, organized into debits and credits across various accounts.
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