The action or process of keeping financial accounts.
Pt.2 IBT Final Exam Study Guide (Road Map to Success)

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Business
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Accounting
2.
FLASHCARD QUESTION
Front
A resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
Back
Asset
3.
FLASHCARD QUESTION
Front
Listed on the left hand side of the column of an account.
Back
Debit
4.
FLASHCARD QUESTION
Front
Listed on the left hand side of the column of an account.
Back
Debit
5.
FLASHCARD QUESTION
Front
Listed on the right hand side of the column of an account.
Back
Credit
6.
FLASHCARD QUESTION
Front
Accepts deposits from customers. These deposits may be placed in a checking account, a savings account, or certificates of deposit.
Back
Depository Institutions
7.
FLASHCARD QUESTION
Front
Do not accept deposits, but do offer their customers a variety of financial services.
Back
Non-Depository Institutions
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