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Accounting Vocab Part 1
Vocabulary for the first accounting exam
4
Accounting
Undergraduate 3
09/13/2017
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Term
Partnership
 Definition
business owned by 2 people or more
Term
sole proprietorship
 Definition
business owned by 1 person
Term
coorperation
 Definition
business organized as a separate legal entity
Term
accounting
 Definition
system that identifies, records, and communicates economic events of an organization to interested users
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