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3 Translation and Equivalency of Concepts

Author: Yebale Mariana
Description:
Keywords: , , , , , , online teaching

Content:
Definitions:
0. Balanza de Comprobación
1. Parent company / Controladora
2. Depletion
3. Units-of production method
4. Efficiency
5. Equity Withdrawals
6. Going-concern assumption
7. Business Entity Assumption
8. Monetary Unit Assumption
9. Solvency
10. Expenses
11. Utilities
12. Expense Recognition
13. Statement of cash flows
14. Cost Principle
15. Operating Activities

Answers:
0. Accounting information is based in actual cost
1. Sociedad
2. The business will continue to operate instead of being closed.
3. Abono
4. Assets
5. A Co. that ownes %3e 50%25 controlling interest of the subsidiary
6. Cargo
7. Recognize it when it is earned
8. Libro de Mayor
9. Inventario / Almacén
10. A corp. controlled by other who ownes %3e50%25
11. Capital Contable
12. Depreciates a varying amount depending on usage
13. Cuenta
14. Collecting notes receivable, or purchas. or selling PP%26E
15. Trial Balance
.