Wholesale Merchandising business – A business that buys and resells merchandise to retail merchandising businesses.
return on equity – sajáttőkearányos megtérülés
correcting entry – an additional journal entry, used to correct an incorrect journal entry
Book value of an asset – the value given to an asset which recorded in financial statements. This value shows up as the cost of purchasing the asset and does not change
Credit Memorandum – A note verifying that a customer's account is being reduced by the amount of a sales return or sales allowance plus any sales tax that may have been involved.
Financial Accounting – The field of accounting that provides economic and financial information for investors, creditors, and other external users.
Employee – one who is under the control and direction of an employer with regard to the performance of employment.
debt – common account name
always a liability because it indicates an amount will have to be paid
Match the following tissues and characteristics.
Credit may be granted to a customer only when merchandise is returned. – False
transaction – any event that effects the financial position of the business and can be measured with faithful representation
accounting period – set accounting period that is usually one year
Mаtch the fоllоwing tissues аnd chаracteristics.
Capital – The amount an organization or individual is worth, also calculated by subtracting liabilities from assets
Discount Period. – A specific number of days during which a discount is available if the account is paid.
REALIZATION – earnings process is complete or cash recieved for work already done