Accounting Free Accounting Practice Tests and Lessons Accounting BasicsBasic Accounting ConceptsAssets, Liabilities, and EquityBasic Journal EntriesNormal BalancesThe Business WorldBusiness StructuresStandard-setting OrganizationsInternal ControlStatements and RatiosClassified Balance SheetCurrent RatioDebt RatioReturn on AssetsAdjusting and ClosingCash Basis and Accrual BasisThe Closing ProcessAssetsProperty, Plant, and EquipmentDepreciationThe Basics of ReceivablesA Closer Look at ReceivablesNotes ReceivableChecks and Petty CashMerchandisingMerchandising Journal Entries