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Accounting

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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Term
Definition
accounting system   show
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show the accounting information is processed by hand  
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computerized accounting system   show
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show (generally accepted accounting principles) all accountants follow the same set of rules to prepare financial reports  
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Financial report   show
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financial accounting   show
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show which focuses on reporting information to management, often referred to as accounting for internal users of accounting information. They are prepared for managers involved in making the day-to-day operating decisions like purchasing, hiring, production,  
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business entity   show
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show is a period of time covered by an accounting report. Can cover one month or three months, or one year  
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going concern   show
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Created by: justinjurado
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