What Are Remote Access Systems? Elucidate with the Help of Three

question 46

Essay

What are remote access systems? Elucidate with the help of three examples.

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Definitions:

Merchandise Inventory

The inventory of products that a retailer plans to sell to customers, accounting for a critical component of its current assets.

Income Summary Account

An account used during the closing process in accounting that summarizes the revenues and expenses of a period to calculate the net income or loss.

Net Income

The net income of a company once all costs and taxes are deducted from the overall revenue.

Capital Account

A capital account tracks the net value of a company's assets contributed by its owners and investors plus retained earnings or minus any distributions to owners.