Over the Last Decade,small Business Created What Percentage of Net

question 108

Multiple Choice

Over the last decade,small business created what percentage of net new jobs in Canada?

• A)10-20%
• B)50-60%
• C)30-40%
• D)40-50%

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Definitions:

Accounting Cycle

The process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.

Ledger

A comprehensive collection of a company's financial accounts.

Trial Balance

A Trial Balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.