Accounting Vocabulary Chapters 79

our financial positon – unsere finanzielle Lage
The matching principle – Expenses should be recorded and matched with the revenue.
Basic accounting equation – Assets = liabilities + Owner's Equity
What is a Cost incurred to increase the operating efficiency, productive capacity, or expected useful life of a plant asset? – Capital Expenditures
Worksheet – A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
accounts receivable – amounts owed to the business by customers who purchased on credit
In the lowest energy conformation of the compound below, how many alkyl substituents are equatorial?
the primary purpose of a business – profit
balance sheet – list of assets, liabilities, & owner's equity as of a specific date
In the lоwest energy cоnfоrmаtion of the compound below, how mаny аlkyl substituents are equatorial?
Balance sheet heading – (Name of Business)
Balance Sheet
(date of end of fiscal period)
closing entries – journal entries used to prepare temporary for a new fiscal period
purpose of the closing entries – to prove the equality of the permanent account balances that the company carries forward into the next accounting period
Present Value and formula – is the current value of an amount to be received in the future; a future amount discounted fro compound inters.

PV = ((1 / (1 + I)N ) x Amount

How to Increase Vehicle Adjustment? – • Selling our cars better
• Pulling faster

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