click below
click below
Normal Size Small Size show me how
Accounting Ch. 1-8
vocab words
Question | Answer |
---|---|
planning, recording,analilzing, and interpreting financial information. | Accounting |
a planned process for providing financial information tht will be useful to management. | accounting systems |
organized summaries of a business's financial activities. | accounting records |
a business that preforms an activty for a fee | service business |
a business owned by one person | proprietorship |
anything with value that is owned | asset |
financial right to the assets of a business | equities |
an amount owned by a business | liability |
the amount remaining after the value of all assets | owner's equity |
an equation showing the relationship amoung asset, liabilities, and owner equity. | accounting equation |
a business activity that change assets, liabilities |