Examlex
Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Term invented in the twelfth century to describe the Germany-based empire founded by Otto I in 962 C·E·.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
Balance Sheet Columns
The sections of a balance sheet which typically include assets, liabilities, and shareholders' equity.
Drawing Account
An account used to record withdrawals made by a business owner or partner from the company for personal use.
Balance Sheet Debit
An entry on the left side of a balance sheet, typically indicating an increase in assets or a decrease in liabilities or equity.
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