Persona Is

question 30

Multiple Choice

Persona is

• A) a person's mechanistic behavior.
• B) predictable and automatic.
• C) like a mask used by actors in a play.
• D) only what others think about us.

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Definitions:

Income Summary

A temporary account in the ledger that summarizes revenue and expenses and transfers the balance (net income or net loss) to Capital. This account does not have a normal balance, i.e. it could have a debit or a credit balance.

Capital Balances

The amounts recorded in the capital accounts of a company or partnership, reflecting the initial capital contributions and subsequent changes including profits earned and withdrawals.

Losses

Financial reductions resulting from business activities, such as the sale of assets for less than their book value or operational losses.

Net Profit

The amount of money a company earns after deducting all costs, expenses, and taxes from the total revenue.