Definition of accounting terms The following is a list of accounting terms. Match the appropriate accounting term
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Definition of accounting terms The following is a list of accounting terms. Match the appropriate accounting term A through D to its definition 1 through 4.
A. Accounting
B. Bookkeeping
C. Managerial accounting
D. Financial accounting
1. Area of accounting aimed at serving external users by providing them with financial statements.
2. Information and measurement system that identifies, records, and communicates information about an organization’s business activities.
3. The recording of transactions and events, either manually or electronically.
4. Area of accounting that serves the decision-making needs of internal users.
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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