によって cecy galindo 12年前.
353
accouting
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