Examlex
Which of the following statements about reading and writing text files is correct?
Owner's Drawings
The funds taken from the business by the owner for personal use, not considered as salary or wages.
Owner Drawings
Refers to the money or assets taken out of a business by the owner(s) for personal use.
Net Income
The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.
Expenses
Costs incurred by a business in the process of earning revenues.
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