Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Empress Tzu-hsi
Salaries
Compensation paid to employees for work performed, often expressed as an annual sum or hourly wage.
Net Income
The total profits of a company after all expenses and taxes have been deducted from total revenues.
Owner's Drawings
The act of an owner drawing funds from a business in a sole proprietorship or partnership for personal needs.
Capital Account
A capital account is a financial statement that shows the changes in a company’s assets, liabilities, and equity, or an individual part of a nation's balance of payments reflecting net change in ownership of national assets.
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