Examen
Chapter 1 - Introduction to Accounting (rated 100% correct).
- Grado
- Institución
Chapter 1 - Introduction to Accounting (rated 100% correct).
[Mostrar más]Vista previa 1 fuera de 4 páginas
Vista previa 1 fuera de 4 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
Professorkaylee
Vista previa del contenido
Chapter 1 - Introduction to Accounting(rated 100% correct).
accounting ANS - The process of identifying, measuring, and communicating economic information to
permit users to make informed judgments and decisions
accounting systems ANS - The branch of accounting that covers the review of a firm's entire
information system, not just the accounting system
accrual basis accounting ANS - System of reporting revenues and expenses in the period in which they
are considered to have been earned or incurred, regardless of the actual time of collection or payment
adjusting entries ANS - Entries required at the end of an accounting period to record internal
adjustments of various accounts due to the matching principle of accounting
assets ANS - Resources available for use by the business - that is, anything owned by the business that
has monetary value
auditing ANS - The branch of accounting that examines a firm's financial statements and internal
controls for the purpose of expressing opinions regarding the financial statements
balance sheet ANS - Statement of the financial position of the hospitality establishment on a given
date, giving the account balances for assets, liabilities, and ownership equity
bookkeeping ANS - The recording and classification of transactions
business entity principle ANS - An accounting principle that requires a business maintain its own set of
records and accounts that are separate from other financial interests of its owners
cash basis accounting ANS - System of reporting revenues and expenses at the time they are collected
or paid, respectively
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $9.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now