Examlex
The relative position of an individual member in a group is called _____.
Drawing Account
A specific account used to record amounts withdrawn by the owner(s) of a business for personal use.
Withdrawals
Amounts taken from a business by its owner(s) for personal use.
Expenses
Costs incurred by a business in the process of earning revenue.
Consuming Services
Consuming services refers to the use of services provided by businesses or individuals which are utilized and exhausted during the process, such as electricity, consulting, or maintenance services.
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