Chapter 2 Accounting
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| free enterprise system | show 🗑
|
||||
| show | The amount earned above the amount of expense incurred to keep business operating.
🗑
|
||||
| show | The result when a business spends more money than it earns.
🗑
|
||||
| entrepreneur | show 🗑
|
||||
| show | Money supplied by investors, banks, or owners of a business.
🗑
|
||||
| show | A business that provides a needed service for a fee.
🗑
|
||||
| show | A business that buys finished goods and resells them to individuals or other businesses.
🗑
|
||||
| manufacturing business | show 🗑
|
||||
| sole proprietorship | show 🗑
|
||||
| partnership | show 🗑
|
||||
| show | A business organization recognized by law to have a life of its own.
🗑
|
||||
| show | The legal permission, granted by a state, that gives corporation certain rights and privileges and spells out the rules under which the corporation is to operate.
🗑
|
||||
| accounting system | show 🗑
|
||||
| show | A type of accounting system in which information is processed by hand.
🗑
|
||||
| show | A type of accounting system in which information is recorded by entering it into a computer.
🗑
|
||||
| GAAP | show 🗑
|
||||
| show | Documents that present summarized information about the financial status of a business.
🗑
|
||||
| financial accounting | show 🗑
|
||||
| management accounting | show 🗑
|
||||
| show | The accounting assumption that a business exists independently of its owners personal holdings. The accounting records and reports are maintained separately and contain financial information related only to business.
🗑
|
||||
| accounting period | show 🗑
|
||||
| going concern | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
Janna.Curtis
Popular Accounting sets