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accounting vocab

accounting vocab

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

Planning, recording, analyzing, and interpreting financial information.

Back

accounting

2.

FLASHCARD QUESTION

Front

Planned process for providing financial info useful to management.

Back

accounting system

3.

FLASHCARD QUESTION

Front

Organized summaries of a business's financial activities.

Back

accounting records

4.

FLASHCARD QUESTION

Front

Financial reports summarizing a business's financial condition and operations.

Back

financial statements

5.

FLASHCARD QUESTION

Front

A business that performs an activity for a fee.

Back

service business

6.

FLASHCARD QUESTION

Front

A business owned by one person.

Back

proprietorship

7.

FLASHCARD QUESTION

Front

Anything of value that is owned.

Back

Asset

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