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What is a difficulty with the application of virtue ethics?
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.
Ending Capital Balance
The amount of money that a company or individual has in their capital account at the end of a fiscal period, after all transactions have been accounted for.
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