Unit _One_Terms

Unit _One_Terms - Shareholders Sole proprietorship...

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The following are the Chapter One terms I would expect you know from the Key Terms found on page 27. Accounting Accounting equation Assets Balance sheet Business entity principle Corporation Cost principle Equity Events Expanded accounting equation Expenses External users Financial Accounts Generally Accepted Accounting Principles (GAAP Going-concern principle Income Income statements Internal users Liabilities Managerial accounting Monetary unit principle Net income Net loss Objectivity Owner, Capital Owner investment Owner withdrawals Partnership Proprietorship Recordkeeping Return on assets Revenue recognition principle
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Unformatted text preview: Shareholders Sole proprietorship Statement of cash flows Statement of owners equity Stockholders Withdrawal The following are the Chapter Two terms I would expect you know from the Key Terms found on page 72. Account Account balance Chart of accounts Compound journal entry Credit Creditors Debit Debt ratio Double-entry accounting General journal Journal Journalizing Ledger owner, Capital Owner, withdrawals Posting Posting reference (PR) column Source documents T-accounts Trial balance Unearned Revenue...
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Unit _One_Terms - Shareholders Sole proprietorship...

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