Categorieën: Alle - assets - business - liability - payments

door Ana Izza Gonzalez 11 jaren geleden

286

Ana Izza Accounting

The text provides an overview of fundamental accounting concepts, starting with definitions of key financial terms such as owners' equity, assets, equities, and liabilities. It describes different business structures, including sole proprietorships, corporations, and partnerships, and explains basic financial equations like gross pay minus deductions equaling net pay, and assets equaling liabilities plus owners'

Ana Izza Accounting

Ana Izza Accounting

QuickBooks:

You can: Record Deposits Record Transactions and payments Write and print checks
it is an accounting software used to enter and record information

Payments

emplyess payments have deductions of taxxes that are medical cae or social security.
emplyees are paid hourly or salary and if they go overtime there is an especific amount of money to pay them.

Buisnesses

Partnership: Two or more people own a buisness
Corporation: A group of people own a buisness
Sole propertiorship: Company owned by a single person

Equations

Assets: liability + owners equity
Gross pay - deductions = net pay

Terms

Assets: anything a comany owns that has an established value
Equities: financial rights of the company's assets
Liability: Amount own by the company
Owners Equity: The companies assets

Facts About Accounting:

A buisness can be own by a single person or a group fo people
Accounting is the planning recording and interpreting of financial information.
the first evidence of accounting was found in Chineese and Babylonian empire.
Subtopic

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