Accounts

aim – намерение, цель
debits – strona debetowa (winien)
Revenue Principle – recognizes revenue when it's earned.
Step Four in the Accounting Process – Summarizing – Bringing the various items of information together to determine a result.
gross margin – difference between net revenue and cost of revenue. What is the ultimate revenue
income summary and withdrawal accounts are transferred to – capital account
1. The overall purpose of the Securities and Exchange Commission is to oversee the
1. external financial reporting of all companies
2. accounting done by all companies
3. external financial reporting of all publicly-owned corporations
4. internal accounting reporting of all publicly-owned corporations – 3. external financial reporting of all publicly-owned corporations
Financial Accounting Information – Information that is provided to external parties who have an interest in a company. Financial accounting refers to information describing the financial resources, obligations, and activities of an economic entity (either an organization or an individiual). Financial accounting information is designed primarly to assist investors and creditors in deciding where to place their scarce investment resources.
tests of liquidity – current ratio is from _
Identify the blood type below
allowance for uncolletable accounts – zarar niteliğinideki hesaplar için ödenek
*accounting equation* – Assets = Liabilities + Owner's Equity.
Not affected – When cash is spent in the acquisition of an asset the net worth of a business is
Identify the blооd type belоw
régimen simplificado para pequeños contribuyentes – simplified tax regime for small sized taxpayers
The BEST way to avoid misidentification of relevant costs is to focus on:
a. expected future costs that differ among the alternatives
b. historical costs
c. unit fixed costs
d. total unit costs – a. expected future costs that differ among the alternatives

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