Vocab
T/F?
100
Steps involved in accounting for all transactions
What is the accounting cycle?
100
Cash is an example of assests
True
200
Reports that summarize financial data over a period of time
What are financial statements
200
Managers make the day to day descisions.
True
300
Anything of value owned
What are assets
400
Claims against assets
What are liabilities
500
Income earned for the period
What is revenue
M
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n
u