Accounting 1: Chapter 1 Century 21 9e

Employee income tax payable – Liabilities
Break Even Quantity in Units – Total Fixed Costs / Contribution Margin per Unit
2 – Number of conventions allowed
balance sheet – assets = liability + equity; a snap shot of what the business has
F.I.C.A – abbreviation for Federal Insurance Contributions Act
FASB (Acronym) – Financial Accounting Standards Board
Which statement is true regarding benign tumors?
Personal Net Worth – The difference between personal assets and personal liabilities.
greengrocer – one who sells fresh vegetables and fruit
chart of accounts – számlatükör
Expenses – Cost required for something
Income Statement Common-Size Statements/ Percentage Method – express the major items in the Income Statement as a percent of Net Sales and compare with previous fiscal periods
Which stаtement is true regаrding benign tumоrs?
Payments – an amount of money leaving the business

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply