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Acct 253 intro test - Study guides, Class notes & Summaries

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ACCT 253 intro test questions and answers 2024

  • ACCT 253 intro test questions and answers 2024

  • Exam (elaborations) • 11 pages • 2024
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    • Accounting - an information system that identifies, measures, records and communicates understandable, relevant, reliable, and comparable information about an organization's economic activities. bookkeeping - the recording of financial transactions, either manually or electronically, for the purpose of creating a reliable bank of data. 3 kinds of business - 1. Sole proprietorship - subject to unlimited liability 2. Partnership 3. Corporation unlimited liability - owner is responsible...
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