Shared Flashcard Set

Details

Title

Accounting Concepts

Description

Review Accounting Concepts in Beginning Accounting

Total Cards

Subject

Accounting

Level

11th Grade

Created

10/29/2012

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Additional Accounting Flashcards

Term

Business Entity

Definition

Keeping Personal Records Separate From Financial Records in a Business

Term

Unit of Measurement

Definition

Always use the same type of currency each fiscal period for your business

Term

Objective Evidence

Definition

Having proof that each transaction occurred

Term

Going Concern

Definition

The idea that your business will continue indefinitely.