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ACCT Documents

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ACCT Flashcards

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  • 24 terms

    Term:

    Accounting Equation

    Definition:

    Assets = Liabilities + Stockholders Equity

    • Accounting Terms
    • 24 terms
    • Vocabulary for Accounting Terms. Find, create, and access Accounting Vocab, flashcards with Course Hero.
  • 31 terms

    Term:

    Income Statement

    Definition:

    matches revenue with expense over a period of time (financial Video)(aka the operating statement or "the P&L"-- profit and loss statement

    • Financial Statements
    • 31 terms
    • Vocabulary for Financial Statements. Find, create, and access Accounting, flashcards with Course Hero.
  • 11 terms

    Term:

    Entity

    Definition:

    organizational element about which accounting information is collected

    • General Principals
    • 11 terms
    • Vocabulary for General Principals. Find, create, and access Accounting, flashcards with Course Hero.
  • 5 terms

    Term:

    Sell $500 in services for cash

    Definition:

    Dr. $500 cash ; Cr. $500 Service Revenue

    • Journal Entries
    • 5 terms
    • Vocabulary for Journal Entries. Find, create, and access Accounting, flashcards with Course Hero.

ACCT Courses with Advice

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