| business | The use of ethics in making _____ decisions. | 1 | 1 | true |
| service buisness | Definition: A business that performs an activity for a fee. | 2 | 0 | false |
| accounting records | Definition: Organized summaries of a business's financial activities . | 3 | 0 | false |
| revenue | Definition: An increase in owner's equity resulting from the operation of a business. | 4 | 0 | true |
| sale on account | Definition: A sale for which cash will be received at a later date | 5 | 0 | false |
| accounting | Definition: Planning, recording, analyzing, and interpreting financial information. | 6 | 0 | false |
| ethics | Definition: The principles of right and wrong that guide an individual in making decisions. | 7 | 0 | false |
| liabilty | Definition: An amount owed by a business. | 8 | 0 | false |
| account balance | Definition: the amount in an account | 9 | 0 | false |
| capital | Definition: The account used to summarize the owner's equity in the business | 11 | 0 | false |
| expense | Definition: A decrease in owner's equity | 12 | 0 | false |
| An equation showing | Term: accounting equation | 13 | 1 | false |
| equities | Definition: Financial right to the assets of a business. | 14 | 0 | false |
| financial | A planned process for providing _____ information that will be useful to management. | 15 | 1 | true |
| proprietorship | Definition: A business owned by one person. | 16 | 0 | false |
| assets | The amount remaining after the value of all liabilities is subtracted from the value of all _____. | 17 | 1 | true |
| transaction | Definition: A business activity that changes assets, liabilities, or owner's equity. | 18 | 0 | false |
| single | A record summarizing all the information pertaining to a _____ item in the accounting equation | 19 | 1 | true |
| withdrawls | Definition: assets taken out of the business for the owner's personal use | 20 | 0 | false |
| asset | Definition: Anything of value that is owned. | 21 | 0 | false |
