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A record summarizing all the information pertaining to a single item in the accounting equation
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
Planning, recording, analyzing, and interpreting financial information
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
A business that performs an activity for a fee
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
Organized summaries of a business's financial activities
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
A business activity that changes assets, liabilities, or owner's equity
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
A planned process for providing financial information that will be useful to management
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
This is applied when business transactions are stated in numbers that have common value
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
The amount in an account
accounting records
unit of measurement concept
accounting
account balance
transaction
accounting system
account
service business
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