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14. Owners
Most private schools in Pakistan have two or three owners who draw money from the school through the year. Owners records each of them, the capital they put in and every payment the accountant hands out, with a voucher number and a printable voucher.
Each payment posts to the ledger — a withdrawal against owner drawings, an investment against capital — so the school's books show the owners' position properly rather than as an unexplained gap in the cash.
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