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What is accounts receivable

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Question: Anne Marie, the owner of Anne's Beauty Salon continues to ask you questions about her financial statements.

1. What is accounts receivable? Is it good?

2. I see these things called current assets and current liabilities. What are they ? Why show them?

3. I still don't understand what the statement of retained Earnings is all about and why do I need it? What is retained earnings? What is that thing called a dividend? Is it an expense?

Information related to above question is enclosed below:

Attachment:- AnnesBeautySalonIncFinancialStatements-2.rar

Reference no: EM131904999

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