Chapter 1 vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Accounting
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| show | Accounting system
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| show | Accounting records
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| show | Service business
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| show | Proprietorship
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| Anything of value that is owned | show 🗑
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| show | Equities
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| show | Liability
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| show | Owner's equity
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| show | Accounting equation
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| show | Tracnsaction
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| show | Account
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| show | Account title
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| show | Account balance
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| show | Capital
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| show | Balance sheet
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| show | Business entity
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| When business transactions are stated in numbers that have common values; using a common unit of measurement | show 🗑
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| When financial statements are prepared with the expectation that a business will remain in operation indefinitely | show 🗑
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| show 🗑
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| Generally Accepted Accounting Principles- The standards and rules that accountants follow while recording and reporting financial activities | show 🗑
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| show | SEC
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| Financial Accounting Standards Board- the organization who has the authority to set accounting standards by getting input and feedback from many sources | show 🗑
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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.
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Created by:
echavez0195
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