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MATCHING -Match Each Item with the Correct Description Below

question 42

Multiple Choice

MATCHING

-Match each item with the correct description below.
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Definitions:

Debits

Entries in accounting that are used to record increases in assets or expenses and decreases in liabilities, equity, and revenue.

Capital Balance

The amount of money that a business or individual has invested in an entity, not including profits or losses from operations.

Net Income

The residual profit of an enterprise after deducting all expenditures and tax payments from its overall revenue.

Withdrawal

The process of removing funds from a bank account or investment.

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