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In Categorical Proposition 1H, the subject term is:
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Income Summary
Income summary is an account where revenues and expenses are accumulated to calculate net income or loss for a specific period before transferring to the capital account.
Temporary Account
An account used to accumulate transaction information during a single accounting period, which is then transferred to permanent accounts.
Withdrawals
Amounts of money taken out from a business by the owner(s) for personal use, not considered a business expense.
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