Examlex
The __________ principle helps preserve the concept of an unbroken line of authority.
Withdrawals
The act of taking out cash or other assets from a business by the owner for their personal use.
Capital
Capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery and buildings.
Prepaid Insurance Expense
The portion of insurance premiums that have been paid in advance and are recognized as an asset until the insurance coverage relates to future periods.
Advertising Expense
Costs incurred in promoting products or services to attract sales or increase brand awareness.
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