Basic Accounting Math

Liability, Balance Sheet, Credit, Permanent – Accounts Payable
Stockholders' equity is increased by – B. Revenues
Posting – the transferal of data from the journal to the ledger.
Corporation – publicly owned, investors have shares of stock
Benefits: not personally liable, easy to transfer ownership and raise funds
separate entity concept – the concept by which a business is treated as a separate economic or account entity. The business stands by itself, separate from its owner's creditors and customers.
dereognition – bilanço dışı bırakma
Officers salaries – Income statement
Operating expenses
Administrative expenses
Employee. – One who is under the control and direction of an employer with regard to the performance of employment.
examples of accured revenue – rent
interest for bank
recieve payment in future
(lender)
recievable and revenue
Nakeisha wants to purchase some new make-up, but she wants something different from what she is currently using. Since she has experience with this product, she just thinks of the other products she has tried and decides to purchase one of those. Which type of information search has Nakeisha performed?
account payable – The liability created by a purchase on account.
2.Net Loss – (Net Losses) the amount lost after the wager is deducted from the payout.
Nаkeishа wаnts tо purchase sоme new make-up, but she wants sоmething different from what she is currently using. Since she has experience with this product, she just thinks of the other products she has tried and decides to purchase one of those. Which type of information search has Nakeisha performed?
expense as incurred – research and development costs
Single Step – service companies that do not sell goods use this format of income statement; subtotals all types of revenue and all types of operating expenses. Total revenue less total operating expenses nets to operating income.
Expenses – The decrease in assets or increase
In liabilities as a result of a company's effort to produce revenue-sacrifices made in order to earn revenue -it decreases owner's equity

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