FP 1.02 Vocab Word Question Preview (ID: 60176)
FP 1.02 Vocab Words.
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knowledge and facts in useful form
a) information
b) accounts payable
c) accounts receivable
d) acquire
Money a company owes
a) accounting
b) accounts payable
c) accounts receivable
d) acquire
Money that is owed to a company
a) accounts receivable
b) accounts payable
c) acquire
d) assets
To buy or obtain
a) acquire
b) assets
c) accounting
d) accounts payable
Resources owned by a business or an individual
a) assets
b) acquire
c) accounting
d) accounts payable
appropriate to the matter at hand
a) relevant
b) accounting
c) acquire
d) assets
An estimate of income and expenditures over a certain period of time
a) budget
b) consistent
c) contract
d) accounting
Unchanging
a) consistent
b) accounting
c) budget
d) acquire
impartial, unbiased
a) neutral
b) relevant
c) accounting
d) assets
Facts and figures
a) data
b) contract
c) accounting
d) assets
Records that show a business’s financial activities
a) financial statements
b) budget
c) balance sheet
d) assets
A financial record that measures a company's performance during a certain period of time,
a) income statement
b) balance sheet
c) data
d) assets
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