Examlex
By looking at a statement of owner's equity,the effect of the owner's withdrawals on the ending balance of capital can be determined.
Custody
The protective care or guardianship of someone or something, often used in the context of the legal guardianship of a child or the care of assets.
Records Keeping
The practice of maintaining and organizing records and documents, often for compliance and operational purposes.
Cash Drawer
A container or compartment within a cash register where cash from transactions is kept, often used in retail settings.
Internal Control
Processes and procedures implemented by a firm to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.
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