A type of accounting where it measures the financial performance of an organization using standard conventions to prepare and distribute an accounting report.

(a)  

Uses both financial and nonfinancial information in decision-making within an organization (internal).

(a)  

A type of business that is the marketing and sales of products, and an example of it are the non-profit organizations.

(a)  

In general, it designates a supplier of money. It means that some other financial institutions can be this.

(a)  

It designates a provider of money in its relationship to a specific borrower. An example of it is banks.

(a)  

They provide the initial seed money for startup businesses, usually in exchange for ownership equity in the company.

(a)  

These are private equity investors who provides newly created companies with capital in exchange for an equity stake.

(a)  

A principle which a cash is given for a service, this principle is its measured as the amount of cash paid.

(a)  

This principle provides guidance on when a company must recognize their gains. Meaning to recognize it, the earnings must be recorded.

(a)  

This principle prescribes that a company report the details behind financial statements that would impact users' decisions. They are often in footnotes

(a)  

The accounting equation is given by?

(a)  

If the accounting equation is given by $$A=L+E$$ , then what is the expansion of it?

(a)  

This principle prescribes that a company record the its incurred to generate the revenue reported.

(a)  

The financial accounting is governed by these concepts and rules where it aims to make information in financial statements relevant, reliable, and comparable.

(a)  

They are the resources that a company owns or controls. These resources are expected to yield future benefits.

(a)  

They are creditor's claims on the account which reflects a company's obligation to provide the products or services to others.

(a)  

This is the owner's claim on its account.

(a)  

This refers to an asset that promises a future inflow of resources.

(a)  

This refers to a liability that promises a future outflow of resources. Examples would be wages to workers, accounts to suppliers, notes to banks and taxes to the government.

(a)  

A type of business where a company provides akin to the hands of labor and expertise. The government is one example of this type of business.

(a)  

A type of business where merchants sell products to consumers for personal use. A profit-driven organization is one example of this.

(a)  

In a double entry accounting a transaction can affect at least (a)   account/s.

An annual period that companies use for financial planning and budgeting. This does not depend on the calendar year.

(a)  

It is the delay in recognition of an accounting transaction where it arises with either a revenue or expense transaction.

(a)  

Allows a business to record their expenses and revenues for which it expects to expend cash or receive, cash, respectively, in a future period.

(a)  

A systematic method to record the allocation of cost over a given period of certain assets.

(a)  

An intermediary account between revenues and expenses, and the retained earnings account. It Stores all closing information for revenues and expense. This balance is then transferred to the equity account

(a)  

Accounts that are closed at the end of each accounting period and include income statement, dividends, and income summary accounts.

(a)