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Accounting I

This class was created by Brainscape user Lea Garcia-Salazar. Visit their profile to learn more about the creator.

By: Lea Garcia-Salazar
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Decks in this class (14)

1.1 Exploring Careers
The activities that a person does...,
The principles a person lives by ...,
The way a person uses time energy...
6  cards
1.2 Accounting Careers: The Possibilities are Endless!
Job that consists of keeping insp...,
An entry level job that can vary ...,
A business that operates to earn ...
7  cards
2.1 Exploring the World of Business
Financial gain,
Losing finance,
Money that investors banks or bus...
10  cards
2.2 Accounting: The Universal Language of Business
Produces information used by busi...,
A software application that autom...,
The set of rules that all account...
9  cards
3.1 Property and Financial Claims
Money provided by investors,
Anything of value that a person o...,
Legal right to property
11  cards
3.2 TRANSACTIONS THAT AFFECT OWNER’S INVESTMENT, CASH, AND CREDIT
Economic event that causes change...,
Subdivision under assets liabilit...,
Total money owed to a business to...
8  cards
Chapter 3 outline
The relationship between assets a...,
What is the accounting equation,
All of the property owned by a bu...
17  cards
Chapter 4 outline
Numbering of the accounts,
Financial recordkeeping system in...,
Graphic representation to show th...
5  cards
chapter 5 outline
Carry over from one accounting pe...,
Closed at the end of each account...,
Revenue account is always ___ on ...
8  cards
chapter 6 vocab
The accounting period of a busine...,
The paper that is prepared as evi...,
Lists specific information about ...
15  cards
chapter 7 vocab
The process of transfering inform...,
Provides up to date balances for ...,
The accounting stationery used to...
10  cards
chapter 9 vocab
Reports prepared to summarize the...,
A report of the net income or net...,
A financial statement that summar...
18  cards
Chapter 10 Vocab
Journal entries made to close or ...,
Prepared to make sure total debit...,
A journal entry with 2 or more de...
4  cards
Chapter 12 Vocab
A list of employees and the payme...,
The amount of time over which an ...,
Payroll clerk
15  cards

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Accounting I

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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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