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The Normal Balance of the Drawing Account Is a Debit

question 126

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The normal balance of the drawing account is a debit.


Definitions:

Drive-On Type

Refers to equipment or mechanisms that are engaged or activated by driving onto or over them, often seen in automotive service equipment.

Four-Post Design

A type of lift or rack in automotive repair shops or garages featuring four posts that provide stability and support for a vehicle during maintenance or inspections.

VIN Number

The Vehicle Identification Number, a unique code used to identify individual motor vehicles.

Country of Origin

The country where a product was manufactured or produced, often used in trading and customs for determining tariffs and indicating quality.

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