accounting terms quizlet | basic accounting terms quizlet

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accounting terms quizlet*******Study with Quizlet and memorize flashcards containing terms like Accounts Payable (AP), Accounts Receivable (AR), Accrued Expense and more. . 20 Basic Accounting Terms. 20 terms. Anaiah_Harris0678. Preview. ABF 2.1 . Teacher 28 .35 terms. samanthamrehg. Preview. Debt Ratio and Earnings per Share. 5 terms. .Study with Quizlet and memorize flashcards containing terms like plus, minus, Minus, .

Assets. Liabilities. Stockholders' Equity (or Owners' Equity) assets = liabilities + .Accounting Chapter 5 Quizlet- A.M. 15 terms. Armaan_Malhotra2. Preview. .35 terms. samanthamrehg. Preview. Debt Ratio and Earnings per Share. 5 terms. maryjanebourkard. Preview. Study with Quizlet and memorize flashcards containing .accounting terms quizletAccounting a language of business employed to communicate financial information based upon analyzing, recording, classification, summarization, reporting, and interpretation of .

Study with Quizlet and memorize flashcards containing terms like Account Form, Account Payable, Account Receivable and more. . Accounting Chapter 2 Terms. 7 terms. .Study with Quizlet and memorize flashcards containing terms like plus, minus, Minus, Plus, Minus, Plus and more.Study with Quizlet and memorize flashcards containing terms like Creditor, Financial Position, Personal net worth and more. . Chapter 18 18.6 Comparison of accounting .accounting terms quizlet basic accounting terms quizletAssets. Liabilities. Stockholders' Equity (or Owners' Equity) assets = liabilities + owners' equity. balance sheet (also known as statement of financial position) Generally Accepted .

Accounting Chapter 5 Quizlet- A.M. 15 terms. Armaan_Malhotra2. Preview. econ taxes. 5 terms. casandra2025. Preview. Study with Quizlet and memorize flashcards containing .

This guide includes accounting definitions, alternative word uses, explanations of related terms, and the importance of particular words or concepts to the accounting profession as a whole. We also explain .

Accounting Terms Quiz #1. Term. 1 / 57. Accounting. Click the card to flip 👆. Definition. 1 / 57. planning, recording, analyzing, and interpreting financial information. Click the card to flip 👆.

Terms in this set (20) The amount of money owed by your costumers after goods or services have been delivered and / or used. A systematic way of recording and reporting financial transactions. The amount of money you owe creditors (suppliers, etc.) in return for good and / or services they have delivered.

Study with Quizlet and memorize flashcards containing terms like Account Form, Account Payable, Account Receivable and more. . Accounting Chapter 2 Terms. 7 terms. lucymuntel2. Preview. Unit 2 Test - Accounting Multiple Choice. 19 terms. Sophonise_Nielson. Preview. Chapter 4, 12, 13, 14 - Copy. 100 terms. Evanna_Fonji.

Terms in this set (72) 3 Accounting Functions. identifying- select transaction and events. recording- input, measure and log. communicating- prepare analyze and interpret. Accounting. information and measurement system that identifies, records and communicates info about an organizations business activities.Terms in this set (10) Basic Accounting Equation. The relationship between income, expenses, and the ownership of the company; Assets = Liabilities + Owners Equity. Financial Statements. Accounting reports compiled necessary for the fair evaluation of operations of an entity i.e. the balance sheet, income statement, and the cash-flow .Terms in this set (100) Operating activities. Activities that involve the production or purchase of merchandise and the sale of goods or services to customers, including expenditures related to administering the business. Market value per share. Price at which stock is bought or sold at a given point in time.

Assume a customer purchases $100.00 of merchandise, plus$6.00 sales tax, for a total sale of $106.00, with 2/10, n/30 payment terms. The customer would pay$103.88, the invoice amount less $2.12 ($106.00 x 2%), in full payment of the invoice. The net sales amount is $98.00-the original$100.00 sales less a 2% discount of $2.00.basic accounting terms quizletAn amount recorded on the right side of a T account. account balance. the difference between the total debits and the total credits in an account. Social Science. Economics. Finance. Accounting Terms Chapter 2. Identify and describe transactions and events entering the accounting process. Click the card to flip 👆.

Study with Quizlet and memorize flashcards containing terms like What is accounting?, Briefly describe the two major fields of accounting., Describe the various types of individuals who use accounting information and how they use that information to make important decisions. and more.Q-Chat. Study with Quizlet and memorize flashcards containing terms like Interest recievable, interest payable, salary payable and more.the amount remaining after the value of all liabilities is subtracted from the value of all assets. shows the relationship among assets, liabilities, and owner's equity. an increase in owner's equity resulting from the operation of a business (transaction for the sale of goods or services). a sale for which cash will be received at a later date .Study with Quizlet and memorize flashcards containing terms like Acounting, accounting system, accounting records and more.

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accounting terms quizlet|basic accounting terms quizlet