An equation showing the relationship among assets, liabilities, and owner's equity.
What is the accounting equation?
200
A(n)_______is a category of jobs that involves similar interests and skills.
What is an occupational area.
200
The amount remaining after the value of all liabilities is subtracted from the value of all assets.
What is Owner's Equity?
300
_______involves information about the target market with regard to age, income level, ethnic background, attitudes, lifestyle, and geographic residence.
What is Customer profiles?
300
A business activity that changes assets, liabilities, or owner's equity.
What is a Transaction?
400
True or False
When financial records for a business and its owner's personal belongings are not mixed, this is an application of the Business Entity accounting concept.
True!
500
The column on the left side of a balance sheet is always the ________.