Intro To Accounting 20653 Exam 2 Laurie Wood Tcu

liabilities – rights of creditors
Types of Bonds – Secured and unsecured, term and serial, Registered and bearer, convertible and callable
Accrual Basis Income Statement – Revenues are reported when they are earned (not when we receive cash)
Any business activity that changes assets, liabilites, or owner's equity – Transaction
proxy ballot – a voting ballot that gives you a part of the control in the company
General Accepted Accounting Principles – Common standards that indicate how to report economic events.
Picking slip – Warehouse clerk removes goods from inventory storage for the order
Which of the following is the most abundant extracellular cation in the body?
Liability, Balance Sheet, Credit, Permanent – Interest Payable
writer – One whose job is writing books, stories, poetry and articles.
Which оf the fоllоwing is the most аbundаnt extrаcellular cation in the body?
closing the ledger – at the end of the accounting period
assets – economic resources owned or controlled by the business

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