1. What does the statement accounting is the language of business mean? 2. What is the difference...

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1. What does the statement "accounting is the language of business" mean?

2. What is the difference between managerial accounting and financial accounting?

3. What is the definition of a "current asset" and what are some examples?

4. What is an account receivable and an account payable, and out of these what will bring money into the company?

5. Which financial statement would one look at to see if a business is making a profit?

6. Which financial statement reveals the amount of debt?

7. What is considered cost of good sold and which financial statement would display them?

Related Book For answer-question

Accounting and auditing research tools and strategies

ISBN: 978-1118027073

8th edition

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

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Posted Date: Feb 10, 2023 06:09 AM

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1. What does the statement accounting is the language of business mean? 2. What is the difference...

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1 The statement accounting is the language of business means that accounting is used to communicate ... View the full answer

Accounting and auditing research tools and strategies

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