Basic Accounting Math

Which of the following items would NOT appear in an income statement? a)delivery expense; b) accounts receivable c)service revenue d)utilities expense – B) accounts receivable
annuity – series of equal periodic payments or receipts
assets to equity ratio (financial leverage ratio) – total assets / total stockholder's equity
Depreciation Methods – Straight line,Declining balance, Units of production
Convertible Bonds – allows Bondholder (Individual) to "convert" bonds into common stock prior to maturity
check – a business paper from which information is obtained for a journal entry.
Income statement—describes a company's revenues and expenses along with the resulting net income or loss over a period of time due to earnings activities. – a.
treasury stock – a corporation's own stock that it has reacquired
¿Qué es? La parte delantera de la pierna dónde se aprecia el hueso.  
When the owner contributes personal truck to the biz, liabilities __ – No effect
Accounting – The Information system that measures business activities, processes the information into reports, and communicates the results to decision makers.
Accounts Receivable Turnover. – Measures how many times per year receivables are collected. CALCULATION: net credit sales divided by Average Accounts Receivable. Average Accounts Receivable (Beginning Accounts Receivable – Ending Accounts Receivable) divided by 2.
¿Qué es? Lа pаrte delаntera de la pierna dónde se aprecia el huesо.  
cash basis accounting – report revenues when cash is received, report expenses when cash is paid

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