
Accounting Unit 2 Vocabulary
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Mary Lambert
FREE Resource
Student preview

18 questions
Show all answers
1.
FLASHCARD QUESTION
Front
A tangible or intangible resource that has economic value, owned by a person or organization.
Back
Asset
2.
FLASHCARD QUESTION
Front
A financial statement that marks a company's financial situation at a moment in time, showing all assets, liabilities and owners’ equity.
Back
Balance Sheet
3.
FLASHCARD QUESTION
Front
The person or organization to whom a debt or obligation is owed.
Back
Creditor
4.
FLASHCARD QUESTION
Front
A debt or obligation owed to any other person or organization.
Back
Liability
5.
FLASHCARD QUESTION
Front
The difference between an individual's assets and liabilities.
Back
Net Worth
6.
FLASHCARD QUESTION
Front
The owner’s rights to the assets of the business after all liabilities have been paid.
Back
Owner's Equity
7.
FLASHCARD QUESTION
Front
The equation showing the relationship between assets, liabilities, and owner’s equity of a company, shown as: Assets = Liabilities + Owners’ Equity
Back
The Accounting Equation
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
12 questions
Like to vs Would like to - course 6 (2H)
Flashcard
•
9th - 12th Grade
13 questions
7517 03 Basic Operations in Programming Languages
Flashcard
•
9th Grade - University
12 questions
Legal Writing Memo Flashcard
Flashcard
•
KG - University
10 questions
Smart Online Shopper
Flashcard
•
KG - University
9 questions
Estereotipos de Género
Flashcard
•
9th - 12th Grade
15 questions
Water Cycle
Flashcard
•
8th Grade - University
15 questions
Understanding SMART Goals Components
Flashcard
•
8th Grade - University
14 questions
CADEIA ALIMENTAR
Flashcard
•
KG
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade