Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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
share
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

Chapter 1

TermDefinition
accounting planning, recording, analyzing, interpreting financial information
accounting system planned process to provide financial information useful to manage
accounting records organized financial summary
financial statements financial reports summarizing the financial condition of a business
service business business performs activity for fee
proprietorship business owned by 1 person
asset anything of value owned
equities financial rights to the assets of a business
liability amount owed by a business
owner's equity amount after assets amount minus liabilities amount
accounting equation assets=liabilities-owner's equity
ethics right and wrong priciples that help individuals make decisions
business ethics use of ethics in making business decisions
transaction business activity that changes assets liabilities, or owner's equity
account record of a single item in the accounting equation
account title name given to an account
account balance amount in an account
capital account used to summarize owner's equity
revenue increase in owner's equity because of business operation
sale on account sale--cash is received at a later date
expense decrease in owner's equity because of business operation
withdrawls assets removed from business for owner's personal use
Created by: Tate.cord70
 

 



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