What business is Car Dealers Companies

Paper Mills

Accounting Firm is what business?

Clothing Store

It is an organization – from the largest and diversified corporation to a small sari-sari store in the community – which engages in generating revenues

It is a business owned by its stockholders.

This is the recording of business data in a prescribed manner and a mechanical task involving the collection of basic financial data.

1.    This principle requires that all relevant information that would affect the user’s understanding and assessment of the accounting entity be disclosed in the financial statements.

1.    This is the set of guidelines and procedures that constitute acceptable accounting practice at a given time.

What is the correct accounting equation?

What is a subdivision of owner’s equity that records personal expenses outside the normal operations of the business, as distinguished from business expenses which relates the business operations?

It represents costs incurred by a business in the process of generating revenue.

This represents the equity or right of the owner for cash or other assets invested or put into the business.

what is the amounts collectible from customers for goods sold and services rendered on credit or from others for loans granted.

It refers to goods unsold at the end of the accounting period or on hand at the beginning of the year.

what do you call an amounts due to the employees for services they have rendered.

Amounts of income earned from services rendered of a service concern business.

It is an Allocated cost of fixed asset in the current period.

It refers to a provision for accounts that may not be collected in the future.