Examlex
MAC stands for
Asset
Economic resources owned or controlled by an entity that are expected to produce value.
Liability
Financial obligations or debts a company owes to others.
Owner's Equity
The residual interest in the assets of a business after deducting liabilities, representing the owner's claim on the company's assets.
Withdrawal
A withdrawal refers to the act of removing funds from a bank account, investment, or trust.
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