Examlex
What is line "C" pointing to?
Drawing Accounts
Personal accounts of the owners or partners in a business representing withdrawals of the business's assets for personal use.
Revenue Accounts
are ledger accounts that track the income earned by a company from its normal business operations, which is then reported on the income statement.
Expense Accounts
Accounts used in accounting to record all expenses transactions made by a business.
Abbreviations
Shortened forms of words or phrases used for convenience.
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