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The function of a bandage is to
Withdrawals Account
An account used to track money taken out of a business by its owner(s) for personal use.
Income Summary
An account used in closing process to collect all revenue and expense account balances before determining net income or loss.
Debit Balance
The condition where the total debits exceed the total credits in an account, typically indicating assets or expenses.
Credit Balance
A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.
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