Untitled Quiz

Account

• A record summarizing all the information pertaining to a single item in the accounting equation

• The amount in an account

• The name given to an account

• Planning, recording, analyzing, and interpreting financial information

Accounting balance

• The amount in an account

• Planning, recording, analyzing, and interpreting financial information

• A planned process for providing financial information that will ve useful to management

• Anything of value that is owned

Account title

• Planning, recording, analyzing, and interpreting financial information

• Anything of value that is owned

• A record summarizing all the information pertaining to a single item in the accounting equation

• The name given to an account

Accounting

• An equation showing the relationship among assets, liabilities, and owner’s equity

• The name given to an account

• Planning, recording, analyzing, and interpreting financial information

• The account used to summarize the owner’s equity in a business

Accounting equation

• Anything of value that is owned

• An equation showing the relationship among assets, liabilities, and owner’s equity

• A decrease in owner’s equity resulting from the operation of a business

• Financial rights to the assets of a business

Asset

• A decrease in owner’s equity resulting from the operation of a business

• Anything of value that is owned

• A business owned by one person

Accounting record

• A planned process for providing financial information that will ve useful to management

• A decrease in owner’s equity resulting from the operation of a business

• Financial rights to the assets of a business

• Organized summarizes of a business’s financial activities

Accounting system

• Planning, recording, analyzing, and interpreting financial information

• A planned process for providing financial information that will ve useful to management

• An increase in owner’s equity resulting from the operation of a business

• The account used to summarize the owner’s equity in a business

Ethics

• The use of ethics in making business

• A record summarizing all the information pertaining to a single item in the accounting equation

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

• A business owned by one person

Business Ethics

• The use of ethics in making business

• The account used to summarize the owner’s equity in a business

• A sale for which cash will be received at a later date

• The account used to summarize the owner’s equity in a business