Examlex
Which of the following terms refers to a collection of servers?
Owner's Drawings
Withdrawals made by the owner from the business for personal use, considered as a reduction in the equity.
Owner's Capital
The amount of money and assets invested in a business by its owner, minus any withdrawals.
Net Income
The residual financial gain of a business following the deduction of every expense, tax, and cost from its total revenue.
Accounting Cycle
The collective process of recording and processing the accounting events of a company, culminating in the production of financial statements within a specific period.
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