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As a result, Drawing account increased by $500, and the Cash account of the partnership is reduced by the same account. At the end of the accounting period the drawing account is closed to the capital account of the partner. The capital account will be reduced by the amount of drawing made by the partner during the accounting period.
Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...
Storyboards also exist in accounting in the ABC System activity-based costing (ABC) to develop a detailed process flowchart which visually shows all activities and the relationships among activities. They are used in this way to measure the cost of resources consumed, identify and eliminate non-value-added costs, determine the efficiency and ...
Example of a functional hybrid organizational chart. An organizational chart, also called organigram, organogram, or organizational breakdown structure (OBS), is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. The term is also used for similar diagrams, for example ...
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. . Every entry to an account requires a corresponding and opposite entry to a different acco
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In order for artwork to appear in film or television, filmmakers must go through a process of acquiring permission from artists, their estates or whoever the owner of the photographic rights may be, lest they become embroiled in a potential lawsuit, such as was the case for Warner Bros. with sculptor Frederick Hart following the reproduction of his piece Ex Nihilo in Devil's Advocate, as well ...
- Your computer's file manager will open. Find and select the file or image you'd like to attach. Click Open. The file or image will be attached below the body of the email. If you'd like to insert an image directly into the body of an email, check out the steps in the "Insert images into an email" section of this article.