Wgu C213 Accounting For Decision Makers

revenues – Einnahmen, Erlöse, Einkünfte
4 Finacial Statements – Income Statement. Statements of Retained Earnings. Balance Sheet. Statement of Cash Flows
Sole Proprietorship – A business with a single owner
Accounting – Planning, recording, analyzing, and interpreting financial information
Independent Contractor. – Any person who agrees to perform a service for a fee and who is not subject to the control of those for whom the service is performed.
Revenue – An increase in owner's equity resulting from the operation of a business.

Examples; Sales, Delivery/Consulting Fees.

Assets – Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
exchange rate – the value of one currency in terms of another
RECOGNITION – when certain obligations or rights accrue; when a good or service is provided
Our autoclave works with the following settings:
liquid asset – быстро реализуемые средства (наличные, Расчетный счет)
balance sheet – a financial statement that reports assets, liabilities, and owners equity on a specific date
component percentage of net income – net income / sales
Accounts receivable – an unwritten promise by a customer to pay, at a later date, for goods sold or services rendered.
Our аutоclаve wоrks with the fоllowing settings:
trial balance – an entry with more than one debits or credits
net profit margin – =net income after tax/sales
writer – One whose job is writing books, stories, poetry and articles.
Going concern – Accounting information reflects a presumption and judgement

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