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ch1

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Accounting   show
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show A process designed to accumulate, classify,and summarize financial data  
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Accounting   show
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Auditing   show
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Certified public accountant (CPA)   show
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Creditor   show
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show An explanation of a topic under consideration bt the Financial Accounting Standards Board(FASB)  
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Corporation   show
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Economic entity   show
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Entity   show
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show An explanation of a topic under consideration bt the Financial Accounting Standards Board(FASB)  
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Exposure draft   show
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show Periodic reports of a firm's financial position or operating results  
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Generally accepted accounting principles (GAAP)   show
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Governmental accounting   show
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show The study of accounting principles used by different countries  
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show Services designed to help clients improve their information systems or their business performance  
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Managerial accounting   show
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Partnership   show
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show Members of firms that perform accounting services for other companies  
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Seperate entity assumption   show
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Social entity   show
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show A business entity owned by a one person who is legally responsible for the debts and taxes of the business  
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show Accounting principles established by th Financial Accounting Standards Board(FASB)  
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Stock   show
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Stockholders   show
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Tax accounting   show
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Created by: Virajasaur
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