Accounting and Finance Foundations

Unit 5

Accounting and Finance Foundations Unit 5: Accounting Terminology 318

Accounting Terminology

Chapter 13

Student Assignment

Word Bank13.1.1

Accounting

Accounting Equation

Accounts Payable

Accounts Receivable

AICPA

Asset

Credit

Debit

Double-entry accounting/ Dual entry accounting

Financial Accounting Information

Financial Accounting Standards Board

Generally Accepted Accounting Principles

Invoice

Liability

Managerial Accounting Information

Normal Balance

Operating Information

Owner’s Equity

Purchase Order

Sales

Source Document

T account

Transaction