Financial Accounting Ratios

gain on disposal of plant assets – other income, IS, credit
Depreciation Expense – …Is a Debit balance account.
Management accounting – The branch of accounting that generates information for the internal decision makers of a business, such as top executives.
Capital Gains tax – is a tax calculated on transactions involving profit earned from the sale of assets.
Account – Used for bookkeeping to record increases and decreases of business transactions
accounting equation – An equation showing the relationship among assets, liabilities, and owner's equity.
Sale on account – A sale for which cash will be received at a later date
Stockholder's equity – Capital Stock: Amounts contributed by owners of a corporation.
Retained Earnings: Net income kept in the business (not distributed as dividends).
operating activities – include buying, producing, and selling goods and services; hiring managers and other employees; and paying taxes
Asset, Balance Sheet, Debit, Permanent – Investments
¿Qué es? La parte del cuerpo hacia la mitad donde está el estómago, se llama también …
temporary accounts – revenue, expenses dividends
Double Entry Accounting – Accounting system in which each transaction affects at least two accounts and has at least one debit and one credit.
Which of the accounts are decreased on the debit side and increased on the credit side? – A ICLICKER
¿Qué es? Lа pаrte del cuerpо hаcia la mitad dоnde está el estómagо, se llama también …
continuity (going concern) assumption – states that businesses are assumed to continue into the foreseeable future

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