a cecy galindo 12 éve
297
accouting
The field of accounting involves the systematic planning, recording, analyzing, and interpretation of financial information. It encompasses various elements such as equities, which represent the financial rights to a company'
Megnyitás
Accounting Types of Business Corporation: many owners Sole Proriertorship: single owner Partnership: small groups of owners, two or more Equities: financial right
to the assets of a company Assets: anything owned by
the company that has value Accounting Recivable: are accounts
which contain amounts for which a
costumer has been involved but not
paid Aditional
Information Cash recieved is an asset, increase in assets are recorded as debits Sales account is owner's equity The increase in assets equal debits Normal Balance: the side of a
T account that shows increase is the planning, recording,
analyzing and interpreting
of financial information. Owners Equity: the rest to
the assets of company Revenue: is an increase in
owners equily and assets due
to business operations Liability: the amount owned History Evidence of accounting from back 10,000 years has been found in the Babylonian Empire, in the Pharoah's Egypt and in Ancient China Transactions were recorded with pen and paper, now at days on digital records Gross Pay: is the pay an
employee recieves before
any deductions
