Examlex
________ are informal rules of conduct.
Withdrawals
Withdrawals indicate the amount of money or assets taken out from a business by its owner(s) for personal use.
Business Expenses
Costs incurred in the ordinary course of business, including salaries, utilities, and rent.
Income Statement
A financial report that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.
Asset
Economic resources owned or controlled by an entity that are expected to produce value.
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