Accouting ch 1 vocab Word Scramble
|
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
Question | Answer |
a record summarizing all the information pertaining to a single item in the | accounting equation |
the amount in an account | Account balance |
the name given to an account | Account title: |
planning, recording, analyzing, and interpreting financial information | Accounting: |
an equation showing the relationship among assets, liabilities, and owner’s equity | Accounting equation: |
organized summaries of a business’s financial activities | Accounting records: |
a planned process for providing financial information that will be useful to management | Accounting system |
anything of value that is owned | Asset: |
the use of ethics in making business decisions | Business ethics: |
the account used to summarize the owner’s equity in a business | capital: |
the principles of right and wrong that guide an individual in making decisions | ethics: |
a decrease in owner’s equity resulting from the operation of a business | expense |
an amount owed by a business | liability: |
an increase in owner’s equity resulting from the operation of a business | revenue: |
assets taken out of a business for the owner’s personal use | withdrawals: |
Created by:
ashley123
Popular Accounting sets