The Four Categories of Equity Accounts Are ________, ________, ________

question 233

Short Answer

The four categories of equity accounts are ________, ________, ________, and ________.

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.

Long-term Investments

Investments made with the intention of holding them for an extended period, typically more than one year, such as bonds, stocks, or real estate.

Accounts Receivable

Funds that a company is yet to receive from its customers for products supplied or services rendered but haven't been paid for.

Percentage Increase

A measure that calculates the growth of a value over a period as a proportion of the earlier value, often expressed as a percentage.