Examlex
Which of the following is FALSE regarding mail-delivered coupons?
Credit
An accounting entry reflecting an increase in assets or decrease in liabilities on a company's balance sheet or an entry on the right side of an account.
Drawing
In accounting, refers to the withdrawal of cash or goods by the owner from a business for personal use.
Account Group
An account group is a categorization of individual financial accounts in the general ledger that helps organize and report financial information.
Owner's Equity
The portion of a company’s assets that belongs to the owners after liabilities have been deducted.
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