Examlex
ACME Software Ltd has developed a training program to make employees more aware of how their job performance affects customers and other employees within the organization. This training program relates most closely with which of the following concepts?
Normal Debit Balance
The expected balance type of an account that is increased by a debit, typical for assets, expenses, and losses.
Withdrawals
Money taken out from a bank account, or the act of taking out funds from a business by its owners for personal use.
Expenses
Outflows or other uses of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.
Formal Account
An organized financial record of transactions over a period for an individual, company, or entity, maintained in a structured format.
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