Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

TVS Accounting1-Extr

Accounting 1 Extra terms

QuestionAnswer
The amount of goods on hand for sale to customers Merchandise Inventory
The total original price of all merchandise sold during a fiscal period Cost of Merchandise Sold
Assets expected to last or be in use for less than one year Current Assets
A partnership financial statement showing net income or loss distribution to partners Distribution-of-net-income statement
The revenue remaining after cost of merchandise sold has been deducted Gross Profit on Sales
The actual amount paid for merchandise or other items bought Historical Cost
The amount of goods on hand Inventory
A financial statement that summarizes the changes in owner's equity during a fiscal period Owner's Equity Statement
Assets that will be used for a number of years in the operation of a business Plant Assets
An amount earned by a corporation and not yet distributed to stockholders Retained earnings
A report prepared to give details about an item on a principal financial statement Supporting Schedule
Created by: TammieVanScyoc
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards