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

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.

Question

Accounting Records
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Question

Accounting System
Remaining cards (15)
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

Chapter 1 terms

Accounting

QuestionAnswer
Accounting Records Organized summaries of a business's financial activities
Accounting System a planned process for providing financial information that will be useful to management
Asset Anything of valued owned
Liabilities Anything of valued that is owed
Owner's Equity the amount remaining after the liabilities are subtracted from the assets
Balance Sheet A financial statement that reports assets, liabilities, and owner's equity on a specific date
Equities financial rights to the assets of the business
Accounting Planning, recording, analyzing, and interpreting financial information.
Accounting Equation An equation showing the relationship amoung assets, liabilitaies, and owner's equity
Service Business a business that provides a service for a fee
Proprietorship A business owned by one person
Transaction (blank)
Account (blank)
Account Title (blank)
Account Balance (blank)
Capital (blank)
Created by: cstjohn
Popular Accounting 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