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Which of the following would constitute a routine border search?
Owner's Capital Account
An equity account on the balance sheet representing the owner's total investment in the business minus any withdrawals.
Temporary Accounts
Accounts that are closed at the end of each accounting period; examples include revenue, expense, and dividend accounts.
Owner's Capital Account
An account that represents the total equity or ownership interest of the owner(s) in a business, reflecting contributions and withdrawals.
Closing Entries
Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.
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