I NEED THE following FOUR QUESTIONS ANSWERED. they will be checked for plagiarism. no specific word count needed just answer the questions as they are asked. Im paying $10. Would like this completed by tomorrow
– In what type of accounting system must debits always equal credits? What is the accounting identity? What is the connection between “debits always equal credits” and the accounting identity?
– What is the difference between a current asset and a long-term asset? What is the difference between a current liability and a long-term liability? What is the difference between a debtor’s claim and an owner’s claim?
– Why is the term residual claimant applied to a shareholder (owner) of a business?
– What is the difference between net income and operating cash flow?