Accounting
Study Guide
Terms
Financial
and Definitions
Accounting
Accounting
Study
Concepts
Guide
Terms
Review.pdf
Financial
and Definitions
AccountingStudy
Concepts
GuideReview.pdf
Financial Accounting Concepts Review.pdf
Accounting Terms
and Definitions
Study Guide
Financial
Accounting
Concepts Review
Accounting Terms and Definitions
Accounting
Study Guide
Terms
Financial
and Definitions
Accounting
Accounting
Study
Concepts
Guide
Terms
Review.pdf
Financial
and Definitions
AccountingStudy
Concepts
GuideReview.pdf
Financial Accounting Concepts Review.pdf
, Accounting - Terms and Definitions.pdf Accounting - Terms and Definitions.pdf Accounting - Terms and Definitions.pdf
1 Cash 2 Income
3 Debt 4 Equity
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Terms in this set (120)
The process of recording all the economic events that affect the Accounting
business/individual over an accounting period. The language of
business employed to communicate financial information based
on recorded data.
The physical record of the transactions incurred related to an Account
expense etc. Where the changes increase or decrease and the
fundamental accounting elements are recorded.
Difference between total debits and total credits (including the Account Balance
beginning balance) for an account.
Combination of similar accounts, like fixed assets, long-term Account Group
liability etc.
The number assigned to an account Account Number
Total Assets = Total Liabilities + Owner's Equity Accounting Equation
Accounting - Terms and Definitions.pdf Accounting - Terms and Definitions.pdf Accounting - Terms and Definitions.pdf