Examlex
Which of the following is an important task for the younger college student?
Cash Basis Accounting
A financial recording approach where earnings and outlays are only acknowledged upon the receipt or payment of cash.
Accrual Basis Accounting
A financial recording system in which earnings and expenditures are logged when they happen, not necessarily when the payment is made or received.
Return on Assets
A financial ratio that measures how effectively a company is using its assets to generate profit, typically expressed as a percentage.
Debt Ratio
Debt ratio is a financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.
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