Examlex
Which of the following lamp categories does a halogen lamp fits into?
Owner's Drawings
The withdrawal of business assets by the owner for personal use.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the new accounting period.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing the wear and tear over time.
Service Revenue
Income earned by a company for the services it provides to its clients.
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