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Matching Identify the Letter of the Choice That Best Matches the the Phrase

question 62

Multiple Choice

Matching
Identify the letter of the choice that best matches the phrase or definition.
-This is another name for internet business services (IBS) .


Definitions:

J. Higgins, Withdrawals

The amount of money withdrawn by J. Higgins from a business for personal use, affecting the owner's equity.

M. Sims Capital

An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.

Income Summary

An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.

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