Shared Flashcard Set

Details

Chapter 3
Chapter 3
4
Accounting
Undergraduate 1
09/25/2011
Click here to study/print these flashcards.

Create your own flash cards! Sign up here.

Additional Accounting Flashcards

 

 

Cards

Term
Accounting Transactions
 Definition
Economic events that require recording in the financial statements
Term
Accounting Information System
 Definition
The system of collecting and processing transaction data and communicating financial information to decision makers
Term
Account
 Definition
Individual accounting record of increases and decreases
Term
Journal
 Definition
1) Discoloses in one place the complete effect of a transaction
2) provides a chronological record of transaction
3) helps to prevent or locate errors
Supporting users have an ad free experience!