Account recieveable - Study guides, Class notes & Summaries

Financial Accounting Chapters 1-4, questions and answers 100% correct Business Consists of all activities necessary to provide the members of an economic system with goods and services Sole Proprietorship Businesses owned and operated by one single owner Economic Entity Requires that a single indentifyable unit of organization be accounted for in all situations Partnership A business owned by two or more individuals Corporation An entity organized under the laws...

Providing different fundamentals of accounting to help better understand how to navigate to creat different financial formulas and learn how to create different journal entries. These are the basic principals that can be learned in accounting.