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Topic: Business
Number of pages / Number of words: 2 / 484
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Every year the accounts mentioned above are used to show how the company is doing financially in the past, and help predict what is going to happen in the future, as long as the information is accurately presented.


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The basic understanding of accounting is broken up into two major categories, assets and liabilities. Assets are items in a company that are for the positive, these include cash, equipment, buildings and land are assets for a company. Liabilities are things that the company is responsible for; these can include wages, taxes, leases, and other short or long-term payables...


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