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3 Translation and Equivalency of Concepts

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

Content:
Definitions:
0. Accounts Payable
1. Credit
2. Expense Recognition
3. Liquidity
4. Income / Earnings
5. Business Entity Assumption
6. Financing Activities
7. Cost Principle
8. Cuentas T
9. Partnership
10. Time period assumption
11. Solvency
12. Utilities
13. Revenue Recognition Principle
14. Equity Withdrawals
15. Common-size financial statement

Answers:
0. Co. value exceeds individual assets and liabilities
1. Ability to generate future revenues n%27 meet LT obligations
2. Assets
3. Report details that may affect users%27 decisions
4. Accounting information is based in actual cost
5. The life of a company can be divided in periods
6. Availability of resources to meet short-term obligations
7. Must be registered when incurred
8. Retiros de Capital
9. Collecting notes receivable, or purchas. or selling PP%26E
10. Pasivos
11. A business is accounted for separately from other businesses
12. Efectivo
13. Capital Contable
14. Utilidad
15. Balance Sheet / Balance General
.