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WorksheetsAccounting Glossary
Total questions: 10
Worksheet time: 5mins
Set of concepts used to measure and report financial information.
Activity
Accounting
Credit
Cash
Business organization where ownership is represented.
Employee
Credit card
Corporation
Account
Financial statement that presents a firm's assets, liabilities.
Cash
Accounting
Credit
Balance sheet
Concept that relates to income from continuing operations
Earnings
Credit
Cash
Balance sheet
Planning tool that outlines the financial plans for an organization
Credit card
Budget
Balance sheet
Activity
Person who works for a specific business.
Accounting
Corporation
Employee
Auditing
Items acceptable to a bank for deposit and free from restrictions.
Account
Budget
Credit card
Cash
Record that is kept for each asset, liability, equity, revenue, expense.
Credit
Account
Cash
Budget
Economic resources owned by an entity.
Account
Balance sheet
Assets
Budget
Process used to allocate the cost of a long-lived property.
Earnings
Activity
Depreciation
Account
