Unearned revenues are liabilities. Credits to accounts are always increases. Complete the following statements with the proper word or words. List two examples of external users of financial information. Revenues are defined as the 5.
Business transactions are the raw material of the accounting process.
Describe the modified return on equity calculation. Describe the difference between the General Journal and the General Ledger. Select the best answer to the following statements. A and c e. All of the above 2.