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The ____________ generated by the control unit cause the opening and closing of logic gates,resulting in the transfer of data to and from registers and the operation of the ALU.
Owner's Capital
The amount of equity a business owner has invested in their firm or the net assets belonging to the owner.
Income Summary
An account used in the closing process that summarizes the revenues and expenses for a specified accounting period, facilitating the transfer of the net income or loss to owner's equity.
Withdrawals Account
A Withdrawals Account tracks the money or assets taken out of a business by its owner(s) for personal use, affecting the owner's equity balance.
Owner's Capital
The amount of equity belonging to the owner of a business, reflecting investments and accumulated earnings.
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