

Introduction to Accounting
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Easy

Tracy Rohrbaugh
Used 22+ times
FREE Resource
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32 questions
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1.
FLASHCARD QUESTION
Front
Accounting
Back
The system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results.
2.
FLASHCARD QUESTION
Front
Balance Sheet
Back
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity.
3.
FLASHCARD QUESTION
Front
Cash Flow
Back
Cash flow is the net balance of money that moves in and out of a business over a specific period of time.
4.
FLASHCARD QUESTION
Front
Debt Capital
Back
Debt capital is money a company borrows from outside sources, in the form of a loan, that must be repaid with interest.
5.
FLASHCARD QUESTION
Front
Equity Capital
Back
Equity capital is a company's capital that is not tied to debt, and is often obtained through the sale of stock/shares to investors. It can also refer to surplus earnings or stock.
6.
FLASHCARD QUESTION
Front
Financing
Back
Financing is the process of providing funds for business activities, making purchases, or investing. Financial institutions such as banks are in the business of providing capital to businesses, consumers and investors to help them achieve their goals.
7.
FLASHCARD QUESTION
Front
Fixed Assets
Back
Assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment.
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