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Accounting 1

Accounting Test1

QuestionAnswer
Asset any economic event resource with value which is owed by a company (future bebefit)
Finacial Accounting A system of processing finacial information related to a given company with the aim of producing a set of one page long financial statements to be used by reasonably sophisticated investors and creditors in making financial decisions
Accrual Accounting The process by which we measure the performance of a company over a given period of time; matching expenses with revenues
Created by: mazd12308
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