assignmentsstakeAssignmen sessionLocator assignment-take Ch 1-4 Save Dit Submit Assignment for Gradin Activation Exercise 0101: Business and Accounting Basics Question 1 Check My Work (2 remainin Activation Exercise 1-1: Business and Accounting Basics Terms and Definitions The resources owned by an enterprise are called select your answe The rights of creditors (enders of money or services) are called -select your answer The rights of owners are called Select your answer The accounting equation can be expressed as Assets Eselect your answer: Liabaties GSelect your answer owner's Equity Select your answer the amount of money a business earns by seling goods or services. When a business eams money from providing a service it 3Select money is received when it is earned, the Select your a called cash is increased in the accounting equation. If the business agrees collect payment after it is earned, the asset call in the accounting equation Select your answer Assets used in the process of earning revenue are called Select your a If payment is made when expenses are incurred, the asset cash is -Select your answer. in the accountin equation. If alternatively, cash wil paid after expenses are incurred, the liability called -Select your answer- v isl-select vour answer in the accounting equation at the time the expense Understanding the Business Transaction An economic event that changes an entity's financial condition or results of operations is a answer- All business transactions can be stated in the terms of changes in the Select your elements of the accounting equation. The accounting reports that summarize business transactions are caled Select your answer on November 1, 2014 Denise Clayton starts her own interior design business that will be known as Denise Designs Denise Designs enters into the following business transactions in November: Nov. 2 Denise Clayton deposits s7,000 of personalfunds into the checking account of Denise Designs her new business, Denise Designs is an example of a Select answer. The money deposited your This is an into the business checking account is now separate from Denise dayton's personal funds example of the Select your answer the web and Windows assignmentsstakeAssignmen sessionLocator assignment-take Ch 1-4 Save Dit Submit Assignment for Gradin Activation Exercise 0101: Business and Accounting Basics Question 1 Check My Work (2 remainin Activation Exercise 1-1: Business and Accounting Basics Terms and Definitions The resources owned by an enterprise are called select your answe The rights of creditors (enders of money or services) are called -select your answer The rights of owners are called Select your answer The accounting equation can be expressed as Assets Eselect your answer: Liabaties GSelect your answer owner's Equity Select your answer the amount of money a business earns by seling goods or services. When a business eams money from providing a service it 3Select money is received when it is earned, the Select your a called cash is increased in the accounting equation. If the business agrees collect payment after it is earned, the asset call in the accounting equation Select your answer Assets used in the process of earning revenue are called Select your a If payment is made when expenses are incurred, the asset cash is -Select your answer. in the accountin equation. If alternatively, cash wil paid after expenses are incurred, the liability called -Select your answer- v isl-select vour answer in the accounting equation at the time the expense Understanding the Business Transaction An economic event that changes an entity's financial condition or results of operations is a answer- All business transactions can be stated in the terms of changes in the Select your elements of the accounting equation. The accounting reports that summarize business transactions are caled Select your answer on November 1, 2014 Denise Clayton starts her own interior design business that will be known as Denise Designs Denise Designs enters into the following business transactions in November: Nov. 2 Denise Clayton deposits s7,000 of personalfunds into the checking account of Denise Designs her new business, Denise Designs is an example of a Select answer. The money deposited your This is an into the business checking account is now separate from Denise dayton's personal funds example of the Select your answer the web and Windows
