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What are some of the aspects of internal and external communication in contingency planning?
Ending Capital Balance
The amount of money that a company or individual has in their capital account at the end of a fiscal period, after all transactions have been accounted for.
Net Purchases
The total amount of purchases after subtracting any purchases returns, allowances, and discounts.
Withdrawal Account
An account in a partnership or sole proprietorship that records the amounts taken out of the business by the owner for personal use.
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