Quizlet Accounting Chapter 1

Ch01tif It help u CHAPTER 1 THE ACCOUNTANT S ROLE IN THE

Quizlet Accounting Chapter 1. Web the accounting concept that assumes that the economic life of the business can be divided into time periods accrual basis of accounting under this basis of accounting, revenues. Web a person who organizes and prepares a business plan.

Web chapter 1 terms in this set (22) accounting planning, recording, analyzing, and interpreting financial information accounting system a planned process for providing financial information that will be useful to management accounting records organized summaries of a business's financial activities financial statements A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. The process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties. Organized summaries of a business's. Web planning, recording, analyzing, and interpreting financial information. Web the accounting concept that assumes that the economic life of the business can be divided into time periods accrual basis of accounting under this basis of accounting, revenues. A person that dreams of one day starting his/her own business. The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities. Answer choices accounting equation account balance accounting system account records question 3 An equation that shows the relationship among assets, liabilities, and owner's equity.

Web study with quizlet and memorize flashcards containing terms like accounting, accounting system, financial statement and more. Organized summaries of a business's. The review of financial statements to assess their fairness and adherence to generally accepted accounting principles. A business activity that changes assets, liabilities, or owner's equity answer choices accounting equation transaction equities asset question 2 30 seconds q. Answer choices accounting equation account balance accounting system account records question 3 Web the accounting concept that assumes that the economic life of the business can be divided into time periods accrual basis of accounting under this basis of accounting, revenues. A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Web chapter 1 terms in this set (22) accounting planning, recording, analyzing, and interpreting financial information accounting system a planned process for providing financial information that will be useful to management accounting records organized summaries of a business's financial activities financial statements A person that dreams of one day starting his/her own business. An equation that shows the relationship among assets, liabilities, and owner's equity. Web a person who organizes and prepares a business plan.