Examlex
The hydrogen ion concentration of a solution is 1 × 10-4 M.What is the pH of the solution,and is it acidic or basic?
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the ownership's value in the business.
Major Account Groups
Categories used in financial accounting to organize and summarize the financial activities of a business.
Owner's Equity
The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company assets.
Drawing
An account used to record the funds withdrawn from a business by its owner for personal use, reducing the owner's equity.
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