Examlex
Which of the following can have taboos integrated into proper process?
Owner's Capital
The amount of money and other forms of assets invested into a business by the owner(s), minus any withdrawals, representing the owner’s equity.
Accounts Debited
The accounts on the left side of the accounting equation that increase with a debit transaction and decrease with a credit transaction.
Accounts Credited
Refers to the entries made on the credit side of a ledger, indicating a reduction in assets or an increase in liabilities or equity.
Supplies On Account
The purchase of supplies on credit, where payment is deferred to a later date.
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