Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
17 Cards in this Set
- Front
- Back
|
accounting records
|
organized summaries of a buss. finacial activites
|
|
|
acount balance
|
amount in an account
|
|
|
accounting system
|
a planned process for providing finacial information that will be useful to management
|
|
|
asset
|
anything of value that is owned
|
|
|
buss. sethics
|
the use of sethics in making buss. decisions
|
|
|
equeties
|
finacial right to the assets of a buss.
|
|
|
capital
|
the account used to summarize the owner's equity in a buss.
|
|
|
ethics
|
the principlas of right and wrong that guide an indiviaul in making decision
|
|
|
expence
|
an decrease in owners equaity resulting from an operation of a buss.
|
|
|
finacial statements
|
finacial reports that summarize the finacail operations of a busss.
|
|
|
liability
|
an amount owed by a buss.
|
|
|
owner's equaity
|
the amount remaing after the value of all liabilty is sub. from the value of all assets
|
|
|
proprietorship
|
a buss. owned by one person
|
|
|
revoneu
|
an increase in owners equaity resulting from the opperation from a buss.
|
|
|
sale on account
|
a sale for which cash will be recieved at a later date
|
|
|
service buss.
|
a buss. that performes a activity for a fee
|
|
|
transaction
|
a buss. activity that changes assets,liabilty,or owners equaity
|
