This textbook focuses on accounting concepts and princinples for profit-making business. such business are normally organized as sole proprietorships, partnerships, or corporations. A sole proprietorship is owned by one individual. A partnership is owned by 2 or more individuals. A corporation is organized under state or federal states as a seperate legal entity. The ownership of a corporation is divided into shares of stock. The sole prperitorship is the most common business form. However, corporations receive 90% of the total dollars of business receipts.

前面部分比较容易理解，就是最后一句中receipts的意思不太理解。它的本意不是“收据”吗？用在这里是不是有特定的意思呢？