What Is a Disadvantage to Using Network E-Mail

question 14

Multiple Choice

What is a disadvantage to using network e-mail?

• A) you must use your work computer or be signed on to your network to access software
• B) lots of storage space
• C) more difficult passwords
• D) easier file sharing

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Definitions:

Income Summary

An account in the ledger that is used to summarize the revenue and expenses of a period, facilitating the transfer of their net effect to retained earnings.

Net Income

The final earnings of a corporation once expenses and taxes are subtracted from its gross income.

Income Summary Account

An account used in the closing process to summarize the results of all revenue and expense accounts.

Capital

Financial assets or the financial value of assets, such as cash and goods, used by an organization to fund its operations and grow.