Accounting I Unit 1 (2010 EOC Prep)

Terms	Definitions
accountant	a person who plans, summarizes, analyzes, and interprets accounting information
accounting	planning, recording, analyzing, and interpreting financial information
accounting concepts	ten commonly accepted concepts that guide accounting personnel in their work
bookkeeper	a preson who does general accounting work plus some summarizing and analyzing of accounting information
business ethics	the use of persoanl ethics in making business decisions
ethics	the principles of right and wrong that guide an individual in making decisions
general office clerk	a person who does general kinds of office tasks, including some accounting tasks
merchandising business	a business that purchases and sells goods
partnership	a business in which two or more people combine their assets and skills
proprietorship	a business owned by one person
service business	a business that performs an activity for a fee

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