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Accounting Basics
100
Sole proprietorship, Partnership, Corporation.
What is 3 basic ownership structures.
200
Service, Merchandising, Manufacturing.
What is 3 basic functions of business.
300
Assets, Liabilities, Owners Equity, Revenues, and Expenses.
What is 5 basic elements of accounting.
400
Income Statement, Statement of Cash Flows, Statement of Owner's Equity, and Balance Sheet.
What is 4 basic financial statements.
500
Shows the relationship of current assets and current liabilities; measure of company liquidity (ability to pay short-term obligations)
What is Current Ratio.