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Which of the following represent(s) properties of water?
Income Summary
An account to which all revenues and expenses are transferred at the end of an accounting period to compute the net income or loss for the period.
Withdrawals Account
An account in bookkeeping where amounts drawn out from the business by the owner for personal use are recorded.
Revenue Account
An account that tracks the income earned by a company from its operational activities, excluding expenses.
Fees Earned Account
An income account that records the revenue earned from services provided or fees charged.
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