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What Is Accounting ?
Accounting is a language, a language that provides information.
How can accounting help you?
Accounting can help you by keeping tack of you money. How much you spend and how much you make.
These statements show how the financial status of an organization at one specified instant in time.
these statements show the flow of financial info over a period of time.
also known as Statement of earnings
Report that shows the flow of revenues.
A status report that shows information about the organizations resources at a given time.
Accounting term that means an entry will be made on the left side of an accounts
Things that are resources that are owned by a company and which have future economic value that can be measured.
Acronym for Generally Accepted Accounting Principles