Examlex
Watercolor paints are:
Assets
Economic resources owned or controlled by an individual, company, or entity, expected to provide future benefits.
Liabilities
Financial obligations or debts owed by a business to external parties or creditors.
Owner's Capital
The amount of money and other assets invested into a business by its owner or owners.
Owner's Drawings
Money removed by a sole proprietorship or partnership owner from the company for their private use.
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