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
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 2

TermDefinition
accounting period the period of time covered by an accounting report
accounting system a system designed collect an document and report on business transactions
business entity chapter the accounting assumption that a business exists independently of its owners personal holdings the accounting records and reports are maintained separately and contain financial information related only to the business
computerized accounting system a type of accounting system in which information is recorded by entering into a computer
corporation a business organization recognized by law to have a life of its life
entrepreneur a person who transforms ideas for products or services or services into real world business
financial accounting the type of accounting that focus on reporting information to external users
financial reports documents that present summarized information about the finical status of a business
free enterprise system a system in which individuals are free produce the goods and services they choose
GAAP the set of rules that all accountants use to prepare financial reports
going concern the accounting assumption that a business is expected to operate indefinitely
manual accounting system a type of accounting system in which information is processed by hand
manufacturing business a business that buys raw materials and transforms them into finished products by using labor and machinery
merchandising business a business that buys finished goods and results and resells them to individuals or other business
partnership
service business
sole proprietorship
management accounting
Created by: jcoghlan19
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