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Jan is a professional writer. His books, mostly based on managing relationships, achieving success at work, and keeping a work-life balance, are commonly read by people in their early 30s while they travel from work to office. Keeping this in mind, which of the following practices in designing these books will be effective?
Owner's Equity
The amount of ownership interest that the owner of a sole proprietorship or partners in a partnership have in their business, similar to stockholders' equity in a corporation.
Journal Format
A structured way of recording financial transactions in chronological order, typically used in bookkeeping and accounting.
Reference Column
A column in accounting journals where cross-references to ledger account numbers or other relevant documentation are noted.
T-Account
A T-account is a graphic representation of a general ledger account, used for teaching, analysis, and visualization, showing debits on one side and credits on the other.
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