Chapter 1 - Accounting in Action

Descrição

Undergraduate Financial Accounting FlashCards sobre Chapter 1 - Accounting in Action, criado por Yagnesh em 18-12-2014.
Yagnesh
FlashCards por Yagnesh, atualizado more than 1 year ago
Yagnesh
Criado por Yagnesh quase 10 anos atrás
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Resumo de Recurso

Questão Responda
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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