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12 Cards in this Set
- Front
- Back
Depreciation
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価値が徐々下がるコト
decrease in values of asset. Cash does not depreciate. |
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Estimated Life
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estimated amount of life in asset.
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Salvage Value
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amount you would like to get for asset when you trade it in.
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Book value
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present value of your asset.
(computer equipment から accumulated dep. を引く) |
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current ratio
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can i pay all my current liabilities at this time?
current ratio= current assets/current liabilities |
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current assets
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cash+assets that can easily be turned to cash.
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plant assets
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assets which depreciate.
land |
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contra accounts
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account linked with another account and having an opposite normal balance;reported as a subtraction from the other account's balanc
Accumulated Dep.-Equipment Equipment |
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Adjusting
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Journal entry at the end of accounting period to being an asset or liability account to its proper amount and update the related expense or revenue account.
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Net Income
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Amount earned after subtracting all expenses necessary for and matched with sales for a period;also called income, profit, or earnings.
revenues exceed expenses |
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Net loss
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Excess of expences over revenues for a period.
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withdrawals
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assets an owner takes from the company for personal use.
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