Examlex
Profitability ratios are frequently used as a basis for evaluating management's operating effectiveness.
Withdrawals
Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.
Owner's Equity Statement
A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.
Worksheet
A document used by accountants to organize and summarize financial information for the preparation of financial statements.
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