Examlex

Solved

Which of the Following Statements About Reading and Writing Text

question 60

Multiple Choice

Which of the following statements about reading and writing text files is correct?


Definitions:

Owner's Drawings

The funds taken from the business by the owner for personal use, not considered as salary or wages.

Owner Drawings

Refers to the money or assets taken out of a business by the owner(s) for personal use.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Expenses

Costs incurred by a business in the process of earning revenues.

Related Questions