Accountability

ENTERPRISE RISK MANAGEMENT – A PROCESS USED BY A COMPANY TO PROACTIVELY IDENTIFY AND MANAGE THOSE RISKS THAT ARE INHERENT IN EVERY BUSINESS DECISION OR STRATEGY
loss – Outflow from adjunct activities, decrease to retained earnings.
entrepreneur – a person who transforms ideas for productsor services into real-world business
Name given when you make a bank deposit, usually after hours, that does not show up on the bank statement – Deposit in transit
Sales. – A temporary owner's equity account used to record the earning of revenue.
Companies limited by guarantee – Public companies whose shareholders undertake to provide a guaranteed amount of money in the event of the company being liquidated
8th step of Accounting Cycle – prepare financial statements
Prepaid expenses are – A. paid and recorded in an asset account before they are used or consumed.
Select the correct formula that would be used to solve the following problem: Find the monthly payment for a  $260,000, 15-year fixed mortgage at at rate of 4.2% compounded monthly.  
On what side of a journal entry is preferred stock recorded on when a company issues stock? – Credit
reciept – a business form giving written acknowledgement for cash received.
Price-earning ratio – The relationship between the market value per share and earnings per share of a stock
Select the cоrrect fоrmulа thаt wоuld be used to solve the following problem: Find the monthly pаyment for a  $260,000, 15-year fixed mortgage at at rate of 4.2% compounded monthly.  
to follow rules – следовать правилам
recording – регистация запись
Finacial accounting – Area of accounting that is primarily aimed at external users through preparation of the general purpose

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