Examlex
Violation of which of the following acts can cause a school or public library to lose funding to help pay for its Internet connections?
Capital Account
A national account that shows the net change in asset ownership for a country.
Revenue Account
An account that tracks the income earned from a company's primary operations.
Liability Account
An accounting record that captures the amount a company owes to others, such as loans, accounts payable, or mortgages.
Owner's Drawings Account
An equity account that tracks the amounts withdrawn by the owner(s) of a business from the company for personal use.
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