I-FIXED ASSETS :

Land and buildíng

Plant and equipment

Vehicls

-CURRENT ASSETS :

Inventories

Receivables

Bank balance

-CURRENT LIABILITIES:

Payables

Tax Payable on profits

Taxes payable

Short-term loans

II-(Double-entries) bookeeping is a system which enables thi business manager to record all money coming in (INCOME) and all money going out (OUTGOINGS)

and to work....For every (TRANSACTIONS) there are two( ENTRY )in the ledger.In one ledger show....( DEBIT) side,..(.CREDIT) side.each ledger record....,you find the amount needed to (BALANCE)

the account...their total must (BALANCE)- that is,they must be equal.

III- Your account balance of $20 for the invoice number 12445 was due on september 4

All account are due ,in full,within 30 days.

This is your fifth reminder. Please remit payment immediately.

We hope to help you maintian your excellent credit wiht ABC

IV-The Balance Sheet : is a statement showing the financial position of a business unit at a particul date,usually the end of the financial year.

-The Income Statement : Show a company's revenues, expenses, and income for a period time.

-THE STATEMENT OF CASH FLOW : shows a company's cash receipts and cash payments from operating activities, investing activities,

and financing activities during a period of time.

-THE STATEMENT OF STOCKHOLDER'S EQUITY : reports changes in stockhoders quipty accounts during the year.

- THE STATEMNT OF RETAINED EARNING : reflects the beginning balance, addition to,deduction from,and the ending balance of the retianes earinng account.

- THE NOTES TO THE FINANCIAL STATEMENTS: explain some of the items presented in the main body of the statement.

V- G.P = Net sales - Cost of goods sold

= Net sales - ( Begin inventory + Purchases - Ending inventory )

Net Profit = G.P - Operating expenses ( gom selling/disreibution + administratinon + Interest cost )

% Of sales = G.P / Cost of sales

VI- 5-3 = 2 : subtract three form five

2+3 = 5 : add two to three

2*3 = 6 :

6 / 3 = 2 :

Division (/) to divide

Multiplication (*) to multioly

Subtractinon ( - ) to subtract

Addtion (+) to add

Loan - devidend - balance - debit - interest - ledger - increase- turnover -