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6 Cards in this Set
- Front
- Back
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Return on Sales |
indicate what percentage of net sales represent profit |
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Report form |
the format used when creating a balance sheet |
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Income Statement |
reports a business' net income or net loss over an entire accounting period |
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Ratio Analysis |
comparison of two items on a financial statement resulting in a percentage that is used to evaluate the relationship between two items |
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Statement of changes in owner's equity |
completed as a supporting document for the balance sheet |
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Financial Statement |
Summarizes the changes resulting from business transaction that have occurred during an accounting period |
