Term
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Definition
| planning, recording, analyzing and interpreting financial info |
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Term
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Definition
| planned process for providing financial info that will be useful to management |
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Term
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Definition
| organized summaries of a buisness's financial activities |
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Definition
| buisness's that perform an activity for a fee |
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Term
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Definition
| buisness owned by one person |
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Term
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Definition
| anything of value that is owned |
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Definition
| financial rights to the assests of a buisness |
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Definition
| an amount owned by a buisness |
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Definition
| amount remaning after the value of all liabilities is subtracted from the value of all assets |
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Definition
| an equation showing the relationship among assets, liabilities and owners equity |
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Term
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Definition
| a buisness activity that changes assets, liabilites or owners equity |
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Term
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Definition
| the account used to summarize the owners equity in a buisness |
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Term
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Definition
| a record summarizing all the info pertaining to a single item in the accounting equation |
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Term
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Definition
| a financial statement that reports assets, liabilities and owners equity on a specific date |
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