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The architect of French absolutism was
Withdrawals
Funds taken out of a business by the owners for personal use.
Liability Account
An accounting record that captures the amounts a company owes to creditors or suppliers.
Asset Account
A ledger account that tracks the value of an entity's resources or items of value owned, such as cash, inventory, equipment, and real estate.
Credit Customer
A credit customer is a customer who purchases goods or services on credit, agreeing to pay the seller at a later date as specified by the credit terms.
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