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Rice Acctg Ch1 Set1
Maplewood Rice Acctg Ch 1 Set 1
Question | Answer |
---|---|
Accounting | Planning, recording, analyzing, and interpreting financial information. |
Accounting System | A planned process for providing financial information that will be useful to management. |
Accounting Records | Organized summaries of a business’s financial activities. |
Financial Statements | Financial reports that summarize the financial condition and operations of a business. |
Service Business | A business that performs an activity for a fee. |
Proprietorship | A business owned by one person. |