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accounting chapter 1 vocabulary questions answered correctly. $9.29   Add to cart
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accounting chapter 1 vocabulary questions answered correctly.
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  • Accounting 101

accounting chapter 1 vocabulary questions answered correctly.

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  • August 29, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • accounting chapter 1 vocabulary questions answered

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  • Accounting 101
  • Accounting 101

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accounting chapter 1 vocabulary
questions answered correctly.

the process of planning, recording, analyzing, and interpreting financial information ANS - accounting



a planned process designed to compile financial data and summarize the results in accounting records
and reports ANS - accounting system



financial reports that summarize the financial condition and operations of a business ANS - financial
statements



a formal report that shows what an individual owns, what and individual owes, and the difference
between the two . ANS - net worth statement



anything of value that is owned ANS - asset



an amount owed ANS - liability



the difference between personal assets and personal liabilities ANS - personal net worth statement



the difference between assets and liabilities ANS - equity



the principles of right and wrong that guide an individual in making decisions ANS - ethics



the use of ethics in making business decisions ANS - business ethics



a business that performs an activity for a fee ANS - service business

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