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2. Balance sheet - Wikipedia

   en.wikipedia.org/wiki/Balance_sheet

   A balance sheet summarizes an organization's or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and account form. Individuals and small businesses tend to have simple balance sheets. [5]

3. Single-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Single-entry_bookkeeping

   It can be simple and practical for those starting a small business. [2] Additionally, the IRS states: A single-entry system does not include equal debit and credit to the balance sheet and income statement accounts. It is not self-balancing. Arithmetic errors in the account totals are thus common.

4. Small business - Wikipedia

   en.wikipedia.org/wiki/Small_business

   The legal definition of "small business" varies by country and by industry. In addition to the number of employees, methods used to classify small companies include annual sales (turnover), the value of assets and net profit (balance sheet), alone or as a combination of factors.

5. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   Once the accounts balance, the accountant makes a number of adjustments and changes the balance amounts of some of the accounts. These adjustments must still obey the double-entry rule: for example, the inventory account and asset account might be changed to bring them into line with the actual numbers counted during a stocktake .

6. 20 small business ideas - AOL

   www.aol.com/finance/20-small-business-ideas...

   The definition of a small business depends on the industry, business size and annual revenue. In general, a small business typically has fewer than 1,000 employees, is privately owned and has less ...

7. Asset - Wikipedia

   en.wikipedia.org/wiki/Asset

   The balance sheet of a firm records the monetary [2] value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. [1] Total assets can also be called the balance sheet total. Assets can be grouped into two major classes: tangible assets and intangible assets.