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Language is an inefficient means of socialization.
Capital Account
An account used for a proprietorship that represents the owner’s equity.
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.
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