Examlex
The term ________ is generally defined as the process of adopting patterns of behavior that can lead to improved health and life satisfaction.
Debits
These represent transactions that increase assets or expenses or decrease liabilities, equity, or revenue in a company's accounts.
Credits
Entries that decrease assets or increase liabilities and equity on a company's balance sheet, reflecting the accounting principle of double-entry bookkeeping.
Ending Owner's Equity
Ending Owner's Equity represents the final amount of owner's equity in a business at the conclusion of an accounting period, after accounting for all additions and deductions.
Withdrawals
Withdrawals typically refer to amounts of money taken out from a bank account, but in business, it can also mean money taken out by the owner for personal use, reducing the capital account.
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