Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

chp 17 Study Guide

Chapter 17 Study Guide for Chapter Test POB

TermDefinition
balance sheet Reports the assets, liabilities, and owner’s equity.
business entity Organization that exists independently of the owner’s personal finances.
cash flow statement Reports how cash moves in to and out of a business.
chart of accounts List of all accounts in the business.
current asset Cash or any asset that will be exchanged cash or used within one year.
current ratio Shows the relationship of assets to liabilities.
expense Cost involved in operating a business.
debt ratio Shows the percentage of dollars owed as compared to assets owned.
employee’s earnings record Individual record maintained for each employee.
gross pay Amount of income earned before taxes and other deductions are withheld.
journal Form used to record business transactions in chronological order.
merchandise Item, or items, that are bought with the intentions of reselling to a customer.
ledger Group of accounts.
journalizing Process of recording business transactions in a journal.
operating ratio Shows the relationship of expenses to sales.
Financial planning the process of setting financial goals and developing plans to reach the
accounting The system of recording business transactions and analyzing, verifying, and reporting the results
audit a review of the financial statements of a business and the accounting practices that were used to produce them.
withholding allowance an amount of income that is not subject to income taxes.
account an individual record that summarizes information for a single category, such as cash or sales.
budget the financial plan that reflects anticipated revenue and shows how it will be allocated in the operation of the business.
cash budget used to estimate the amount of money coming into and going out of the business.
current liability a short-term debt that must be paid within one year.
income statement A report of the revenue and expenses of a business for a specific time period and shows a net income or net loss
working capital The difference between current assets and current liabilities of a business
Created by: mrstephens
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards