Term
A _________ is an organization in which basic resources such as materials and labor are assembled and provessed to provide goods and services to customers. |
|
Definition
|
|
Term
What is the objective of every business? |
|
Definition
|
|
Term
_______ is the difference between the amounts received from customers for goods and services and the amount paid for inputs used to provide the goods and services. |
|
Definition
|
|
Term
___________ is an information system that provides reports to user about the economic activities and conditions of a business. |
|
Definition
|
|
Term
order of financial statement prepared
|
|
Definition
income statement
statement of owner's equity
balance sheet
statement of cash flows |
|
|