According to the text, the accounting process helps the small business owner translate numbers--the language of business--into plain English.
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Q81: "Cash flow = Receipts − Disbursements" is
Q82: Using a single-entry accounting system will allow
Q83: When preparing common-size statements, full or partial
Q84: Small business owners should always use separate
Q85: Ratio analysis is the most common form
Q87: When using the accrual basis method of
Q88: When using a double-entry accounting system, debits
Q89: In the accounting equation, Assets = Liabilities
Q90: Another name for assets is net worth.
Q91: Generally accepted accounting principles are intended to
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