Accounting Reviewer

Cosa c’è su questa ruota (23 opzioni)

• One that carries out some socially desirable needs of the community or its members and whose activities are not directed towards making profit. (Not-for-profit)
• One that operates for profit ------------------------------------- ( Business entity)
• The process of converting economic resources into outputs of goods and services that are intended to have a greater utililty than the required inputs----------------------(Production)
• The process of trading resources or obligations for other resources or obligations------------------- ( Exchange)
• The process of using the final output of the production process---------------------- ( Consumption )
• The process pf allocation rights to the use of output among indiviaduals and groups in society ----------- ( Income Distribution )
• The process of setting aside rights to present consumption in exchange for rights to future onsumption. --------------------- (Savings)
• The process pf using current inputs to increase the stock of resources available for output as oposed to immediately consumable output --------------------- ( investment )
• This business organization has a single owner called proprietor who generally is also the manager. Blank tend to be small service-type --------------------- ( Sole proprietor )
• it is a business owned and operated by two or more persons who bind themselves to contribute money, property, or industry to a common fund , with the intention of dividing the profits among themselves --------------------- - ( Partnership )
• it is a business owned by its stockholders. --------------------- ( Corporation )
• a blank companies perform services for a fee ( e.g law firms, accounting and audit firms, stock brokerage, beauty salons and recruitment agencies. --------------------- ( service )
• Companies purchase goods that are ready for sale and then sell these to customers --------------------- ( Merchandising )
• Companies buy raw meaterials, convert them into products and then sell the products to other companies or to final consumers --------------------- ( Manufacturing )
• need information to help them determine whether they should go buy, hold or sell. --------------------- ( Investors )
• Are interested in information about the stabilty and profitability of their employers. They are also interested in information which enables them to access the ability of the enterprise to provide remuneration, retirement benefits and employment opportunities --------------------- ( Employees )
• Are interested in information that enables them to determine whether their loans and the related interest will be paid when due --------------------- ( Lenders )
• Are interested in information that enables them to determine whether amounts owing them will be paid when due --------------------- ( Suppliers and other trade creditors )
• Have interest in information about the continuance of an enterprise especially when they have a long-term involvement with, or are dependent on, the enterprise --------------------- ( Customers )
• Are interested in the allocation of resources and therefore, the activities of the enterprises. They also require information in order to regulate the activities of the enterprises, determine taxation policies and as the basis for national and similar statistics. --------------------- (Government and their agencies )
• Enterprises affect members of the public in a variety of ways. --------------------- ( public )
• is a present obligation of t he enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise --------------------- (Liability )
• is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise --------------------- ( assets )