Study sets matching "term:accounting = 회계"

Study sets
Classes
Users

Study sets matching "term:accounting = 회계"

14 terms
회계
What is the Accounting Equation?
A record summarizing all the informati…
Debit is on what side?
Credit is on what side?
assets = liabilities + owners equity
account
left
right
What is the Accounting Equation?
assets = liabilities + owners equity
A record summarizing all the informati…
account
24 terms
Accounting
Accounts Receivable
Accounts Payable
Account Numbers
Accounts
Amounts Owed to the Business
Amounts a business owes for items or services purchased on cr…
Numbers assigned to accounts according to the chart of accoun…
Categories under the Assets, Liabilities and Owner's Equity h…
Accounts Receivable
Amounts Owed to the Business
Accounts Payable
Amounts a business owes for items or services purchased on cr…
Accounting Equations
Assets Liabilites Equity Equation
Total Equity Equation
Retained Earning Equation
Net Income Equation
Assets = Liabilities + Equity
Common Stock + Retained Earning
Beginning Retained Earning + Net Income -Dividends =
Revenues - Expenses
Assets Liabilites Equity Equation
Assets = Liabilities + Equity
Total Equity Equation
Common Stock + Retained Earning
11 terms
The Accounting Equation
Accounting
Accounting System
Accounting Records
Service business
Planning, recording, analyzing, and interpreting financial in…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities
A business that performs an activity for a fee
Accounting
Planning, recording, analyzing, and interpreting financial in…
Accounting System
A planned process for providing financial information that wi…
Accounting Terminology
Accounts Payable
Accounts Receivable
Accounting Equation
Assets
Amounts owed to vendors on account
Amounts owed to us by customers
Assets = Liabilities + Equity
Resources owned by the company
Accounts Payable
Amounts owed to vendors on account
Accounts Receivable
Amounts owed to us by customers
20 terms
회계 1
회계
기업이 발행한 주식에 투자하는 ()
기업에 자금을 대여하는 ()
()이란 주식회사의 법적 소유권을 나타내는 ()을 말한다
accounting
투자자 investors
채권자 creditors
주식 stocks... 증권 securities
회계
accounting
기업이 발행한 주식에 투자하는 ()
투자자 investors
25 terms
Accounting Ch. 1 Terms
assets
liabilities
owner's equity
accounting
resources with future benefits that are owned or controlled b…
claims on an asset (something you owe)
claims of the owner
an information and measurement system that identifies, record…
assets
resources with future benefits that are owned or controlled b…
liabilities
claims on an asset (something you owe)
18 terms
Accounting CH 3 Vocab
property
financial claim
credit
creditor
anything of value that a person or business owns.
legal right to property.
buy something with a promise to pay later.
any person or business you owe money to.
property
anything of value that a person or business owns.
financial claim
legal right to property.
30 terms
Chapter 2 Accounting Test
T Account
Chart of accounts
Debit
Credit
An accounting device used to analyze transactions.
A list of all accounts used by a business.
An amount recorded on the left side of an account.
An amount recorded on the right side of an account.
T Account
An accounting device used to analyze transactions.
Chart of accounts
A list of all accounts used by a business.
19 terms
Accounting Chapter 3
property
property rights
financial claims
credit
anything of value that is owned or controlled
when you can prove a piece of property is yours
the money that measures the assets of a company; property rig…
when you buy something and pay for it later
property
anything of value that is owned or controlled
property rights
when you can prove a piece of property is yours
Accounting Chapter 2
T Account
Chart of accounts
Debit
Credit
An accounting device used to analyze transactions.
A list of all accounts used by a business.
An amount recorded on the left side of an account.
An amount recorded on the right side of an account.
T Account
An accounting device used to analyze transactions.
Chart of accounts
A list of all accounts used by a business.
Accounting Terms
Accountant
Accounting
Bookkeeper
Ethics
Handles a broad range of responsibilities, including making b…
Planning, recording, analyzing, and interpreting financial in…
A person who does general accounting work plus some summarizi…
A standard of conduct that all members of a given profession…
Accountant
Handles a broad range of responsibilities, including making b…
Accounting
Planning, recording, analyzing, and interpreting financial in…
Accounting Transactions - Part 3
Accounting Equation
Receive cash from an owner
Paid cash for supplies
Paid cash for insurance
Assets = Liabilities + Owner's Equity
Assets + Owner's Equity +
Assets (Cash) - Assets (Supplies) +
Assets (Cash) - Assets (Prepaid Insurance) +
Accounting Equation
Assets = Liabilities + Owner's Equity
Receive cash from an owner
Assets + Owner's Equity +
Accounting Midterm Review
Accounts Receivable
Accounts Payable
Account Numbers
Accounts
Amounts Owed to the Business
Amounts a business owes for items or services purchased on cr…
Numbers assigned to accounts according to the chart of accoun…
Categories under the Assets, Liabilities and Owner's Equity h…
Accounts Receivable
Amounts Owed to the Business
Accounts Payable
Amounts a business owes for items or services purchased on cr…
Accounting Midterm Review, Accounting
Accounts Receivable
Accounts Payable
Account Numbers
Accounts
Amounts Owed to the Business
Amounts a business owes for items or services purchased on cr…
Numbers assigned to accounts according to the chart of accoun…
Categories under the Assets, Liabilities and Owner's Equity h…
Accounts Receivable
Amounts Owed to the Business
Accounts Payable
Amounts a business owes for items or services purchased on cr…
25 terms
Accounting 11A Chapter 1
Accounting
Accounting System
Accounting Records
Financial Statements
planning, recording, analyzing, and interpreting financial in…
a planned process for providing financial information that wi…
organized summaries of a business's financial activities
financial reports that summarize the financial conditions and…
Accounting
planning, recording, analyzing, and interpreting financial in…
Accounting System
a planned process for providing financial information that wi…
26 terms
Accounting Basics
Assets = Liabilities + Owner's Equity
Asset
Liability
Revenue
What is the accounting equation?
Cash is classified as an
Accounts Payable is classified as a
Sales is also known as
Assets = Liabilities + Owner's Equity
What is the accounting equation?
Asset
Cash is classified as an
50 terms
Accounting Unit 1 Test
Revenues are..
A proprietorship is a business
Bright Diner received a bill of $600 f…
Credits:
gross increases in owner's equity resulting from business act…
owned by one person
An increase in Accounts Payable... A decrease in Owner's Capital
decrease assets and increase liabilities
Revenues are..
gross increases in owner's equity resulting from business act…
A proprietorship is a business
owned by one person
13 terms
Accounting C.7
Posting
General Ledger
Ledger account forms
The purpose of posting
The process of transferring information from the journal to i…
A permanent record organized by account number. It includes a…
Accounting stationery that are usually described by the numbe…
To show the impact of business transactions on the individual…
Posting
The process of transferring information from the journal to i…
General Ledger
A permanent record organized by account number. It includes a…
228 terms
Accounting Vocabulary
account
account balance
accountant
accounting
a device for recording the changes (increases or decreases) i…
the difference between the total debits and the total credits…
one who is concerned with the design of the system of records…
a language of business employed to communicate financial info…
account
a device for recording the changes (increases or decreases) i…
account balance
the difference between the total debits and the total credits…
52 terms
Accounting and Business (Accounting Terms)
account form
account payable
account receivable
accounting
The form of balance sheet that resembles the basic format of…
The liability created by a purchase on account.
A claim against the customer created by selling merchandise o…
An information system that provides reports to stakeholders a…
account form
The form of balance sheet that resembles the basic format of…
account payable
The liability created by a purchase on account.
30 terms
Chapter 1 Accounting Terms
Accounting *... 1-1
accounting system *... 1-1
financial statements *... 1-1
Asset *... 1-1
is the process of planning, recording, analyzing and interpre…
is a planned process designed to compile financial data and s…
financial reports that summarize the financial condition and…
Anything of value that is owned.
Accounting *... 1-1
is the process of planning, recording, analyzing and interpre…
accounting system *... 1-1
is a planned process designed to compile financial data and s…
13 terms
Accounting Chapter 3
property
creditor
credit
investments
items of value that are owned or controlled by a business
a person or business that has a claim to the assets of a busi…
an agreement to pay for a purchase at a later time; an entry…
those assets owned by a business but not used in the operatio…
property
items of value that are owned or controlled by a business
creditor
a person or business that has a claim to the assets of a busi…
18 terms
Accounting CH 3 Vocab
property
financial claim
credit
creditor
anything of value that a person or business owns.
legal right to property.
buy something with a promise to pay later.
any person or business you owe money to.
property
anything of value that a person or business owns.
financial claim
legal right to property.
Accounting Equation Terms 1.01
Assets
Equities
Liabilities
Owner's Equity
Property controlled by a person or company that has value (no…
Is the value of an asset minus the value of the liabilities t…
Amounts owed to company or people we borrowed from (normal ba…
Owner's investment in the business (normal balance is credit
Assets
Property controlled by a person or company that has value (no…
Equities
Is the value of an asset minus the value of the liabilities t…
20 terms
Accounting 2
Corporation
Accounting equation
Service business
Merchandising business
A company owned by shareholders
Assets = Liabilities + OE
Sells services to people or businesses
Sells goods to people
Corporation
A company owned by shareholders
Accounting equation
Assets = Liabilities + OE
13 terms
Glencoe Accounting Chapter 4
ledger
chart of accounts
double-entry accounting
T Account
a book where you keep information by account
a list of all accounts and their assigned account number
a system of recordkeeping in which each business transaction…
an accounting tool that shows increases or decreases that are…
ledger
a book where you keep information by account
chart of accounts
a list of all accounts and their assigned account number
21 terms
Financial Accounting Chapter 2
Account
T-Account
Debit (Dr)
Credit (Cr)
a record of increases and decreases in a specific asset, liab…
basic form of an account; debit on left side, credit on right…
left side of an account
right side of an account
Account
a record of increases and decreases in a specific asset, liab…
T-Account
basic form of an account; debit on left side, credit on right…
62 terms
Accounting 041 CH.1
Accounting
Assets
Auditing
Balance Sheet
The information system that identifies, records, and communic…
Resources a business owns
The examination of financial statements by a certified public…
A financial statement that reports the assets, liabilities, a…
Accounting
The information system that identifies, records, and communic…
Assets
Resources a business owns
46 terms
Ch 2 Accounting Terms
The process by which financial informa…
A process designed to accumulate, clas…
The review of financial statements to…
An independent accountant's review of…
Accounting
Accounting System
Auditing
Auditor's Report
The process by which financial informa…
Accounting
A process designed to accumulate, clas…
Accounting System
20 terms
Accounting Terms
Accounting
Transactions
Assets
Liability
The action or process of keeping financial accounts.
Events that affect the finances of a business.
Resources owned by a business.
A company's debts or obligations that arise during the course…
Accounting
The action or process of keeping financial accounts.
Transactions
Events that affect the finances of a business.
20 terms
Accounting I - Chapter 1
Accounting
Accounting System
Accounting Records
Financial Statements
planning, recording, analyzing, and interpreting financial in…
a planned process for providing finaicial information that wi…
organized summaries of a business's financial activities
financial reports that summarize the financial condition and…
Accounting
planning, recording, analyzing, and interpreting financial in…
Accounting System
a planned process for providing finaicial information that wi…
12 terms
Accounting 7th Day 2016
Accounting
Zero
Assets
Accounts Payable
A system for collecting and reporting on business or personal…
Where do you place your thumb on the Tenkey pad?
These are things that you own or control either personally or…
This is what you owe to others...like a loan for your car. A…
Accounting
A system for collecting and reporting on business or personal…
Zero
Where do you place your thumb on the Tenkey pad?
13 terms
Glencoe Accounting Chapter 3
property
creditor
credit
investments
items of value that are owned or controlled by a business
a person or business that has a claim to the assets of a busi…
an agreement to pay for a purchase at a later time; an entry…
those assets owned by a business but not used in the operatio…
property
items of value that are owned or controlled by a business
creditor
a person or business that has a claim to the assets of a busi…
Financial Accounting
Financial Accounting
Cost Accounting
Managerial Accounting
Tax Accounting
Recording, Classifying, and summarizing transactions, deals w…
Determines cost by department, product, function, service
*Provide information to enhance controls... *Basis for managemen…
Preparation and filing of taxes ... -Federal, state, and local…
Financial Accounting
Recording, Classifying, and summarizing transactions, deals w…
Cost Accounting
Determines cost by department, product, function, service
13 terms
Accounting 1 Chapter 3 Vocab
property
credit
assets
liabilities
anything of value that is owned or controlled; dollar amounts…
purchasing property that will be paid for at a later time; th…
property or items of value owned by a business (example: cash…
creditors' claims to value of assets, if the property was pur…
property
anything of value that is owned or controlled; dollar amounts…
credit
purchasing property that will be paid for at a later time; th…
Accounting 2
Net Sales
Gross Profits = Revenue - Cost of Good…
Receivable Turnover
Average Collection Period
Sales Revenue - Credit Card Discounts - Sales Discounts - Sal…
Gross Profit Margin = Gross Profit/Net Sales
Net Sales/Average Net Accounting Receivables
365/Receivables Turnover
Net Sales
Sales Revenue - Credit Card Discounts - Sales Discounts - Sal…
Gross Profits = Revenue - Cost of Good…
Gross Profit Margin = Gross Profit/Net Sales
accounting
Balance Sheet
Income statement
Statement of stockholders equity
Statement of cash flows
Assets = Liabilities + Stockholders equity
Revenues - Expenses = Net income
Stockholders equity:... Common stock + Retained earnings
Operation activities... Investing activities... Financing activities
Balance Sheet
Assets = Liabilities + Stockholders equity
Income statement
Revenues - Expenses = Net income
Accounting Definitions
Asset
Liability
Owners Equity
Revenue
A resource controlled by an entity, as a result of past event…
A preset obligation of the entity as a result of past events,…
The residual interest in the Assets of the entity after the d…
An inflow of economic benefits (or savings in outflows) in th…
Asset
A resource controlled by an entity, as a result of past event…
Liability
A preset obligation of the entity as a result of past events,…
30 terms
Accounting I Chapter 2 Test Review
T Account
Chart of accounts
Debit
Credit
An accounting device used to analyze transactions.
A list of all accounts used by a business.
An amount recorded on the left side of an account.
An amount recorded on the right side of an account.
T Account
An accounting device used to analyze transactions.
Chart of accounts
A list of all accounts used by a business.
Accounting Chapter 1
accounting
accounts receivable
accounting equation
accounts payable
A set of concepts and techniques that are used to measure and…
Amounts a customer promises to pay in the future after receiv…
A financial relationship at the heart of the accounting model…
Amounts an entity promises to pay its vendors or suppliers in…
accounting
A set of concepts and techniques that are used to measure and…
accounts receivable
Amounts a customer promises to pay in the future after receiv…
19 terms
Accounting Chp 1
Accounting
Accounting System
Accounting Records
Financial Satements
Planning, recording, analyzing, and interpreting financial in…
Planned process for providing financial information that will…
organized summaries of a business's financial activities
reports that summerize the financial conditions and opperatio…
Accounting
Planning, recording, analyzing, and interpreting financial in…
Accounting System
Planned process for providing financial information that will…
20 terms
Accounting
Account
Accounting Cycle
Accounting Equation
Adjusting Entries
A record of the increases and decreases of the amount of a sp…
Activities the business completes within the fiscal period
Assets = Liabilities + Stockholder's Equity
Entries made to update certain accounts at the end of the fis…
Account
A record of the increases and decreases of the amount of a sp…
Accounting Cycle
Activities the business completes within the fiscal period
104 terms
Accounting chapter 1
the purpose of accounting is to provid…
People both inside & outside the c…
Anything that has value is an ________…
Asset
(1) Investors... (2) Managers... (3) Government
People both inside & outside the company use accounting i…
Anything that has value is an asset... Ex: land, buildings, e…
Anything that has value is an asset... Ex: land, buildings, e…
the purpose of accounting is to provid…
(1) Investors... (2) Managers... (3) Government
People both inside & outside the c…
People both inside & outside the company use accounting i…
190 terms
Accounting
Closing Entries
contra account
credit
creditor
journal entries used to prepare temporary accounts for an new…
an account that reduces a related account on a financial stat…
the amount recorded on the right side of the t account
a person or organization to whom a liability is owed
Closing Entries
journal entries used to prepare temporary accounts for an new…
contra account
an account that reduces a related account on a financial stat…
38 terms
Accounting Terms - Chapter 1
account receivable
accounting
accounting equation
assets
A claim against the customer.
An info system that provides reports to stakeholders about th…
Assets = Liab. + OE
The resources owned by a business.
account receivable
A claim against the customer.
accounting
An info system that provides reports to stakeholders about th…
71 terms
Intermediate Accounting: Chapter 11
Depreciation
Depletion
Amortization
Factors Involved in the Depreciation P…
Depreciation... The process of allocating the cost of tangible a…
Depletion... The process of allocating the cost of natural resou…
Amortization... The allocation of the cost of intangible assets…
Before establishing a pattern of charges to revenue, a compan…
Depreciation
Depreciation... The process of allocating the cost of tangible a…
Depletion
Depletion... The process of allocating the cost of natural resou…
21 terms
Accounting - Getting Paid
Employer
Employee
Self- Employed
Salary
Someone who employs people.
A person who works for an employer.
Someone who owns their own business.
A fixed amount of money or compensation paid to an employee b…
Employer
Someone who employs people.
Employee
A person who works for an employer.
21 terms
Accounting: Chapter 1 Terms
Accounting
Accounting System
Accounting Records
Financial Statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting System
A planned process for providing financial information that wi…
15 terms
Accounting Terminology
Accounting
Account Title
Accounting Equation
Net Worth Statement
The process of planning, recording, analyzing, and interpreti…
The name given to an account
The equation showing the relationship among assets, liabiliti…
A formal report that shows what an individual owns and owes,…
Accounting
The process of planning, recording, analyzing, and interpreti…
Account Title
The name given to an account
1 of 10