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

F19 Acct 1.02 Vocab

Vocabulary for Accounting 1.02

TermDefinition
Business Entity The accounting assumption that a business exists independently of its owner’s personal holdings. The accounting records and reports are maintained separately and contain financial information related only to the business.
Capital Money supplied by investors, banks, or owners of a business
Charter The legal permission, granted by a state, that gives a corporation certain rights and privileges and spells out the rules under which the corporation is to operate.
Corporation A business organization recognized by law to have a life of its own.
Entrepreneur A person who transforms ideas for products or services into real-world businesses.
For-Profit business A business that operates to earn a profit for its owners.
Free Enterprise System A system in which individuals are free to produce the goods and services they choose.
Going Concern The accounting assumption that a business is expected to survive and operate indefinitely.
Loss The result when a business spends more money than it earns.
Manufacturing Business A business that buys raw materials, transforms them into finished products by using labor and machinery, and sells the finished products to individuals or other businesses.
Merchandising Business A business that buys finished goods and resells them to individuals or other businesses.
Non-Profit business An organization that operated for purposes other than making a profit.
Partnership A business owned by two or more persons, called partners, who agree to operate the business as co-owners.
Profit The amount of money earned above the amount of expense incurred to keep the business operating.
Service Business A business that provides a needed service for a fee.
Sole Proprietorship A business owned by one person.
Created by: denise.stevens5
 

 



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