Chapter 1 - Accounting in Action

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Undergraduate Financial Accounting Karteikarten am Chapter 1 - Accounting in Action, erstellt von Yagnesh am 18/12/2014.
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Karteikarten von Yagnesh, aktualisiert more than 1 year ago
Yagnesh
Erstellt von Yagnesh vor fast 10 Jahre
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Zusammenfassung der Ressource

Frage Antworten
Accounting The information system that identifies, records, and communicates the economic events of an organization to interested users
Assets Resources of a business owner
Balance sheet A financial statement that reports the assets, liabilities, and stockholder's equity of a company at a specific date
Basic Accounting Equation Assets = Liabilities + Stockholder's Equity
Bookkeeping A part of accounting that involves only the recording of economic events
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