Set: Accounting I (Unit 1) Vocabulary Words

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All 11 terms

TermDefinition
AccountantA person who plans, sumarizes, analyzes, and interprets accounting information.
AccountingPlanning, recording, analyzing, and interpreting financial information.
Accounting ConceptsTen commonly accepted concepts that guide accounting personnel in their work.
BookkeeperA person who does general accounting work plus some summarizing and analyzing of accounting information.
Business EthicsThe use of personal ethics in making business decisions.
EthicsThe principles of right and wrong that guide an individual in making decisions.
General Office ClerkA person who does general kinds of office tasks, including some accounting tasks.
Merchandising BusinessA business that purchases and sells goods.
PartnershipA business in which two or more people combine their assets and skills
ProprietorshipA business owned by one person.
Service BusinesssA business that performs an activity for a fee.

Set Information

Terms 11
Creator KChamp
Created April 27, 2009
Groups None
Subject Accounting I
Access Anyone
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Description

Vocabulary words for Unit 1 of Accounting I

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Most Missed Words

  1. Proprietorship A business owned by one person. - 16 misses
  2. Service Businesss A business that performs an activity for a fee. - 9 misses
  3. General Office Clerk A person who does general kinds of office tasks, including some accounting tasks. - 8 misses
  4. Accounting Concepts Ten commonly accepted concepts that guide accounting personnel in their work. - 7 misses
  5. Bookkeeper A person who does general accounting work plus some summarizing and analyzing of accounting information. - 5 misses
  6. Merchandising Business A business that purchases and sells goods. - 4 misses
  7. Partnership A business in which two or more people combine their assets and skills - 3 misses