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Rice Acctg Ch1 Set1

Maplewood Rice Acctg Ch 1 Set 1

QuestionAnswer
Accounting Planning, recording, analyzing, and interpreting financial information.
Accounting System A planned process for providing financial information that will be useful to management.
Accounting Records Organized summaries of a business’s financial activities.
Financial Statements Financial reports that summarize the financial condition and operations of a business.
Service Business A business that performs an activity for a fee.
Proprietorship A business owned by one person.
Popular Accounting sets

 

 



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