Examlex
The Chumash
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities.
Drawings
Withdrawals of cash or other assets from a company by its owner(s) for personal use, reducing the capital account.
Economic Events
Actions or occurrences that significantly impact the financial status or operations of a business, influencing its accounting records.
Information System
An organized system for the collection, organization, storage, and communication of information; it supports data analysis and decision-making processes within an organization.
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