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What are some criticisms of constructivism?
Withdrawals
Funds taken out from a business by its owner(s) for personal use.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Assets
Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.
Liabilities
Financial obligations or debts owed by a business to external parties or entities, which must be settled over time through the transfer of economic benefits.
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