Select the one term that best fits each definition.
-Planning, recording, analyzing, and interpreting financial information.
A) account
B) account balance
C) account title
D) accounting
E) accounting equation
F) accounting system
G) asset
H) business ethics
I) business plan
J) capital account
K) creditor
L) equities
M) equity
N) expense
O) financial statements
P) GAAP
Q) liability
R) net worth statement
S) owner's equity
T) personal net worth
U) proprietorship
V) revenue
W) sale on account
X) service business
Y) transaction
Z) withdrawals
Correct Answer:
Verified
Q11: Withdrawals are assets taken out of a
Q12: The most common type of withdrawal by
Q13: When an owner withdraws cash from the
Q14: A withdrawal is an expense.
Q15: Select the one term that best fits
Q17: Select the one term that best fits
Q18: Select the one term that best fits
Q19: Select the one term that best fits
Q20: Select the one term that best fits
Q21: Select the one term that best fits
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