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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An equity account that tracks the amounts withdrawn by the owner(s) of a business from the company for personal use.
Right Side
In accounting, this refers to the credit side of a ledger account, opposite of the left side (debit side), reflecting increases in liabilities, equity, and revenue accounts.
Account
A record used to keep track of financial transactions within a specific category in accounting.
Credit Side
The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts, or decreases in assets and expense accounts are recorded.
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