Accounting C1-Study Guide

Accounting C1-Study Guide

Assessment

Flashcard

Business

10th Grade

Hard

Created by

Kerry Thompson

FREE Resource

Student preview

quiz-placeholder

27 questions

Show all answers

1.

FLASHCARD QUESTION

Front

The process of planning, recording, analyzing, and interpreting financial information (6)

Back

Accounting

2.

FLASHCARD QUESTION

Front

A planned process designed to compile financial data and summarize the results in accounting records and reports (6)

Back

Accounting system

3.

FLASHCARD QUESTION

Front

Financial reports that summarize the financial condition and operations of a business (6)

Back

Financial statements

4.

FLASHCARD QUESTION

Front

A formal report that shows what an individual owns, what an individual owes, and the difference between the two (7)

Back

Net Worth Statement

5.

FLASHCARD QUESTION

Front

Anything of value that is owned (7)

Back

Asset

6.

FLASHCARD QUESTION

Front

An amount owed (7)

Back

Liability

7.

FLASHCARD QUESTION

Front

The difference between personal assets and personal liabilities (7)

Back

Personal new worth

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?