Choose from Four of these terms from the list below, give the definition, and briefly explain how this is related to the businesses/accounting concepts: Provide References
a. Accounts receivable turnover
b. Cash flow coverage ratio
c. Common-size analysis
d. Horizontal analysis
e. Inventory turnover
f. Liquidity ratios
g. P/E ratio
h. Profitability ratios
When starting in accounting, it is important to understand the terms used. By understanding the language of business, an accountant can help make management decisions and give effective advice to leadership on how to proceed on issues.
Answer and Explanation: 1
Please see the chart below for the answer to this question:
|Question||Definition||Relations to Business Accounting Concepts|
|a. Accounts receivable...|
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fromChapter 3 / Lesson 5
Discover the chart of accounts and ledger accounting definitions. Learn about the different ledgers and account types, as well as the chart of accounts numbering system.