Accounting I (Unit 1) Vocabulary Words
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11 terms
Terms | Definitions |
|---|---|
 Accountant | A person who plans, sumarizes, 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 person who does general accounting work plus some summarizing and analyzing of accounting information. |
| Business Ethics | The use of personal 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 Businesss | A business that performs an activity for a fee. |
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