Accounting 1A Final Exam

Planning, recording, analyzing and interpreting financial information is called:

Organized Summaries of a business’ financial activates are called:

This is a business that does something for a fee:

The Accounting Equation is:

Which account is the most liquid?

Which account is most liquid?

The financial rights to the assets of a business are called:

The principles of right and wrong that guide an individual in making decisions:

A business activity that changes assets, liabilities or owner’s equity is called a:

What do we call a record that summarizes all the information pertaining to a single item in the accounting equation?