Accounting
-:- A language of business employed to communicate financial information based
upon analyzing recording, classification, summarization, reporting, and
interpretation of financial data.
Accounting equation
-:- Assets equal Liabilities plus Owner's Equity
Accounts Payable
-:- a...
✓ -:- property of monetary value owned by a business.
Bad debts
✓ -:- accounts receivable that are uncollectable.
Balance sheet (statement of financial position.; statement financial condition)
✓ -:- a formal financial statement illustrating the assets, liabilities, and owner's equity
of a business as of a specific date.
Bona fide occupational qualification (BFOQ)
✓ -:- a qualification that is absolutely necessary for the job; it is an allowed and
approved reason for discrimination.
Book value
✓ -:- the cost of a fixed asset less its accumulated depreciation.
Branding
4|Page | Grade A+| 2024/2025
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