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Which of the following is the weakest acid?
Revenue and Expense Accounts
Accounts used in accounting to track the income generated and expenses incurred by a business, integral to determining net profit or loss.
Income Summary
An account in accounting used to gather all revenue and expenses for a period to calculate net income (or loss).
Owner's Drawings
The amount of cash or other assets withdrawn by the owner from the business for the owner's personal use.
Net Income
The amount of profit earned by a business after all expenses and taxes have been subtracted from total revenue.
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