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According to the text, which of the following is the "father" of political science?
Capital Account
An account on the balance sheet representing the cumulative amount of the company's earnings, investment, or losses.
Income Summary
An account in the ledger used to summarize revenues and expenses for a period, helping to determine the net income or loss.
Income Summary Account
A temporary ledger account used to summarize a period’s revenues and expenses before transferring the net result to the company's equity account(s).
Net Income
Net income is the total earnings of a company after subtracting all expenses, including taxes, interest, and operating expenses, from its total revenues.
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