Examlex
A "flat sentence" is the same as a(n) _____ sentence.
Owner Withdraws
Transactions where business owners take funds or assets out of the business for personal use, also known as drawings.
Personal Use
Utilization of a company or business asset for individual, non-business related activities or benefits.
Drawings
Withdrawals of cash or other assets from a privately-owned business by the owner(s) for personal use.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.
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