bellringer - 9.1.10

15. What is the Unit of Measurement for business transaction in the following regions: EU, UK, Japan, China, Brazil, Canada, Ghana, and the United States?



16. What do the terms prepaid and on account mean?

bellringer - 8.30.10

13. What is the difference between capital and equity?



14. Name three asset account titles other than cash.

bellringer - 8.26.10

11. For what do the following acronyms stand?  GAAP and SEC



12. Given the accounting equation, please rearrange the equation to show the proper formulas to calculate: 1) liabilities and 2) owner's equity.

bellringer - 8.24.10

9. What is the accounting equation?



10. What usually begins (sets in motion) the accounting process?

bellringer - 8.20.10

7. What is the difference between a sole proprietorship, a company, and a corporation?



8. Why do you think it is extremely important to have a set standard of accounting principles for the entire country? How might we adjust these if portions of the country used different monetary systems?

bellringer - 8.18.10

5. Why is it important for everyone to know the proper evacuation procedures for bus emergencies and fire drills?



6. Give an example of how you diversify your wealth.

bellringer - 8.16.10

3. What advantages would there be to having an automated accounting system?



4. What is the difference between the terms: gross and net? How is net calculated?

bellringer - 8.12.10

1. What is considered the "language of business"?



2. For what does CPA stand?