Accounting and Business law questions

Accounting

Define and state the purpose of the income statement, statement of owner’s equity, balance sheet and explain how to prepare them in proper form?

Define a ledger and explain what is the purpose of calculating the balance of an account?

• Explain what a ledger is and explain what is a balance of an account?
• Business Law
• Describe the development of the American Legal system?

Explain the role of business ethics and social responsibility and how they affect the legal the environment of business?

What is purpose of analyzing and resolving case situations as they pertain to the business environment?