Monetary unit assumption – An assumption that requires that only those things that can be expressed in money are included in the accounting records
treasury stock – company buys back its own stock from investors; contra owners equity
acid test ratio/quick ratio – quick assets divided by current liabilites
due diligence – durum tespit süreci
Recognition of revenue criteria: !!!!!
Examples of when it occurs – Recognition of revenues usually at the point of sale for retailers, usually at the moment of ahipping, or service provided
Revenues must be earned, ex. Services delivered to customer
Revenues must be realized: ex. Cash
Recipt of payment is almost always irrelevant for revenue recognition
Balance Sheets – A financial statement that reports assets, liabilities, and owner's equity on a specific date.
What is the name of the Jewish commentaries of the biblical books?
Tangible asset – Goodwill is classified as a
Balance Sheet – A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
A financial statement that reports assets,liabilities, and owner's equity on a specific date. – Balance Sheet
Selling+Distribution (eg's) – Advertising
Insurance on shop
Expenses and withdrawals of assets from the business by the owner – the proprietorship of a business may be decreased by
Whаt is the nаme оf the Jewish cоmmentаries оf the biblical books?
on account – the purchace of an item on credit
Which of the following is a true statement about inventory systems? – B. Perpetual inventory systems require more detailed inventory records
Decrease in owner's equity – expense means a/an
(pic) Statement of stockholders equity –