Examlex
Match each definition with the correct word part.
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Owner's Equity
Owner's Equity refers to the owner's rights to the assets of the company after all liabilities have been deducted. It is also known as shareholders' equity or stockholders' equity.
Investments
Investments refer to assets or items acquired with the intention of generating income or appreciating in the future.
Trial Balance Totals
The cumulative sum of all debits and credits in a trial balance, which should equal to ensure the ledger is balanced.
Normal Balances
The side (debit or credit) of an account that is expected to have a positive balance.
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