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Accounting Ch. 1-8

vocab words

planning, recording,analilzing, and interpreting financial information. Accounting
a planned process for providing financial information tht will be useful to management. accounting systems
organized summaries of a business's financial activities. accounting records
a business that preforms an activty for a fee service business
a business owned by one person proprietorship
anything with value that is owned asset
financial right to the assets of a business equities
an amount owned by a business liability
the amount remaining after the value of all assets owner's equity
an equation showing the relationship amoung asset, liabilities, and owner equity. accounting equation
a business activity that change assets, liabilities
Created by: soroyah