Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen 5 Kurs an der University of Southern Mindanao zu.
21862
Karteikarten
1196
Studierende
2
Lernmaterialien
is the process of IDENTIFYING, RECORDING, and COMMUNICATING economic events of an organization to interested users
Accounting
A form of business owned by two or more persons. The details of the arrangement between the partners are outlined in a written document called articles of partnership. Profits are divided among partners based on their agreed sharing. The owner is called a partner.
Partnership
A corporation is a business organized as a separate legal entity (artificial person) under the corporation law with ownership divided into transferable shares of stocks. The corporation begins its existence from the date the Articles of Incorporation is approved by the Securities and Exchange Commission (SEC).
Corporation
TYPES OF BUSINESS ACCORDING TO ACTIVITIES
Service Business
Merchandising Business
Manufacturing Business
This type of business offers professional skills, advice and consultations
Service Business
This type of business buys at wholesale and later sells the products at retail. They make a profit by selling the merchandise or products at prices that are higher than their purchase costs
Merchandising Business
This type of business buys raw materials and uses them in making a new product, therefore combining raw materials, labour and expenses into a product for sale later on
Manufacturing Business
ACCOUNTING CONCEPTS AND PRINCIPLES
11
a business enterprise is separate and distinct from its owner or investor.
Business entity principle
business is expected to continue indefinitely
Going concern principle
financial statements are to be divided into specific time intervals.
Time period principle
amounts are stated into a single monetary unit
Monetary unit principle
Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.
Jetzt loslegen
