Accounting
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Financial statements | Financial reports that summarize the financial conditions and operations of a business.
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| Balance sheet | A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
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| Liabilities | An amount owed by a business.
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| Capital | The account used to summarize the owner’s equity in a business
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| Accounting equation | Assets = Liability + Owner’s Equity
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| Merchandise inventory | An amount of goods on hand for sale to customers.
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| Accounts receivable | Money which owed to a company by a customer for products and services provided on credit.
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| Accounts payable | Money owed by a business to its suppliers
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| Income statement | A financial statement showing the revenue and expenses for a fiscal period.
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| Cash flow | The movement of cash into and out of a business
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| Working capital | The different between current assets and current liabilities
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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