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Figure 27.2
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Answer the question using the accompanying figure. This figure illustrates the process of ____.
Additional Investments
Funds contributed by the owners or shareholders of a company to the business above the initial investment amount.
Withdrawals
refers to the act of taking money out of a bank account, or to the owner taking funds out of the business for personal use.
Net Loss
The amount by which total expenses exceed total revenues for a business over a specific period of time, indicating financial loss.
Trial Balance
A bookkeeping report that lists the balances in each of a company's general ledger accounts in two columns, debits and credits, ensuring that total debits equal total credits.
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