Examlex
The three key pieces of information that are stated on the bond certificate are:
Owner's Drawings
Withdrawals of a business's cash or other assets by the owner for personal use.
Expense Accounts
Accounts used to record business expenses, which reduce net income in the profit and loss statement.
Income Summary
An account used in the closing process that summarizes revenues and expenses to determine the net income or loss for a period.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left-hand side.
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