Examlex
Which of the following is true regarding clouds?
Ledger
A group of accounts that records data from business transactions.
Withdrawals Account
An account used to track the money that an owner takes out of the business for personal use, also known as draws.
Capital Account
A financial statement that shows the changes in a company's equity, including contributions by and distributions to owners over a period.
Withdrawals Account
A record of the money taken out of a business by its owner(s) for personal use.
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