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Accounting11

Terms

QuestionAnswer
Investment by the owner CAPITAL
Amount withdrawn by Owner for personal use DRAWINGS
Monthly payment to employees SALARY
Items purchased for re-sale purpose GOODS
Long-Term Properties FIXEDASSETS
Short-Term Assets CURRENTASSETS
Claims owed by the business LIABILITIES
Resources owned by the business ASSETS
Created by: rkabra
Popular Accounting sets

 

 



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