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The theory asserting that the morally right action is the one covered by a rule that if generally followed would produce the most favorable balance of good over evil, everyone considered, is
Fixed Asset Accounts
Accounts used in accounting to track the purchase, depreciation, and disposal of fixed assets, which are long-term tangible assets.
Current Ratio
A financial ratio that measures a company's ability to cover its short-term liabilities with its short-term assets, calculated as current assets divided by current liabilities.
Working Capital
The difference between a company's current assets and current liabilities, indicating the amount of liquid assets available to fund its day-to-day operations.
Chart of Accounts
A structured list of all the financial and nominal accounts in a company, detailing every type of transaction a business might conduct.
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