Examlex
Find the exact value of the expression.
Owner's Withdrawals
Money or other assets taken from the business by the owner for personal use.
Income Statement
An income statement is a financial report that shows a company's revenues, expenses, and profit over a specific period, illustrating its financial performance.
Balance Sheet
An overview report showing a business's assets, liabilities, and equity held by shareholders at a specific time.
Adjusted Trial Balance
A statement of all debits and credits in a double-entry accounting system, adjusted for any journal entries, used to verify the balance of accounts before producing financial statements.
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