TITLES/ELEMENTS
Tangible or intangible items that the company owns.
What are Assets?
The book where a transaction is recorded?
What is the Book of Accounts?
WHERE DID ACCOUNTING DEVELOP?
What is Mesopotamia?
What are expenses?
The systematic and chronological recording of daily business transactions
What is Bookkeeping?
How did accounting start?
What is/are Periodic Flooding/s?
These are the debts or financial obligations of the business.
What are Liabilities?
A written report which quantitatively describes the financial health of a business.
What is the Financial statement?
What was invented on 3000 B.C. by the Chinese?
What is the Chinese Abacus?
The owner's financial share of the company
What is Owner's Equity?
An individual accounting record that shows information about increases or decreases in one balance sheet.
What is T-Accounts?
When did Accounting start?
What is Ancient Human Civilization or 7,000 years ago?
What is Income/Revenue?
The name given to the collective process of recording and processing the accounting events of a company.
What is accounting cycle?
What are the branches of accounting?
What are financial and managerial?