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One can think of states of consciousness as falling along two dimensions, physiological arousal and level of awareness. What is the most likely state of someone who is high along the physiological-arousal dimension, but low along the level-of-awareness dimension?
Sam, Capital
An account representing the owner's (Sam's) equity or ownership interest in a business.
Profit and Loss Ratio
An indicator that measures the ratio of profits earned to losses incurred over a particular period, often used to assess a company's financial health.
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.
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