ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FINANCIAL BUDGET Definition
FINANCIAL BUDGET is focused on capital expenditures and on a business's budgeted cash position:
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SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.
PROPRIETORS DRAW is when a business proprietor draws money for personal needs, but is taxed on business results (at individuals' marginal rate) regardless of drawings.
