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Discuss the relative role and powers of the Iranian Majles. Explain two major limitations on the role and powers of this political institution.
Withdrawals
Sums of money withdrawn by the business owner(s) for private expenses.
General Journal
A basic accounting record used to keep track of all business transactions not recorded in specialized journals.
Account Titles & Descriptions
Names and explanations assigned to individual accounts in the financial statements, reflecting the nature and type of transaction.
Balance
A balance in financial terms refers to the amount of money or value remaining in an account, or the equality between the sum of debits and credits in an accounting record.
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