Accounts, Debits And Credits

accounts – the categories under the Assets, Liabilities, and Owner's Equity headings.
Intangible assets – goodwill, patents, trademarks, copyrights, franchises
Working Capital – Current assets- current liabilities
value-added activities – activities that are necessary for a business
to achieve corporate objectives and remain in business.
balance sheet: a financial statement that reports assets, liabilities, and owner's equity on a specific date – balance sheet: a financial statement that reports assets, liabilities, and owner's equity on a specific date
Net Loss – If total expenses exceed total revenues.
Which of the following is a general limitation of "general purpose financial statements"?

A. General purpose financial statements may not be the most informative for a specific enterprise.

B. General purpose financial statements are comparable.

C. General purpose financial statements are assumed to present fairly the company's financial operations.

D.None of the above. – A. General purpose financial statements may not be the most informative for a specific enterprise

Which case study explored gender socialization due to a medical accident?
unearned service revenue – current liability, BS, credit
times interest earned ratio – (net income + interest expense + tax expense) / interest expense
cost accounting system – measures, record, and report product cost
depósitos a la vista – demand deposits
Stockholders equity – Total assets-totally liabilities
Which cаse study explоred gender sоciаlizаtiоn due to a medical accident?
Balance sheet – Reports financial info on a separate date
extended credit – kredyt dÅ‚ugoterminowy
Double Entry System – A system of accounting in which every transaction affects at least two accounts.
gross profit margin – =gross profit/sales

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply