Examlex
Which of the following statements about electricity is true?
Withdrawals
Funds or resources withdrawn from a company by its owner(s) for private purposes.
Capital Balances
The amounts recorded in a company's capital accounts, reflecting the net investment of owners or partners.
Net Income
This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, showing the company's profitability.
Income Ratio
A financial metric that measures the amount of income generated relative to another financial metric, such as sales or assets.
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