What is the basic accounting equation?

Which of these is considered a current asset?

What is depreciation?

Which financial statement reports a company's performance over a period of time?

What is the purpose of a trial balance?

What is the meaning of 'COGS'?

Which of the following is a liability?

What accounting principle requires revenue to be recognized when earned, regardless of when cash is received?

What is owner's equity?

Which account is increased with a debit entry?