Create an account
the accounting assumption that a bussiness exsits independently of it's own personal holdings.
the legal permission, granted by a state, that gives a corporation certain rights and privileges.
computerized accounting system
a type of accounting sysytem in which information is recorded by entering it into a computer.
documents that present summerized information about the financial status of a business.
free enterprise system
a system in which individuals are free to produce the goods and services they choose
a business that buys raw materials and transforms them into finished products by using labor and machinery
a business thay buys finished goods and resells them to individuals or other businesses.
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