A person's ____ are his or her abilities, such as the ability to think creatively or to make decisions.
Your ____ is the set of unique qualities that makes you different from all other people.
A(n) ____ operates to support a cause or an interest.
____ refers to the way a person uses his or her time, energy, and resources.
A(n) ____ is work that is built on a foundation of interest, knowledge, training, and experience.
The sharing of information and advice is called ____.
The principles you live by and the beliefs that are important to you are your ____.
The balance of a(n) ____ account does not carry forward to the next accounting period.
Money a business earns from the sale of goods or services is the ____.
The dollar balance of a(n) ____ account is carried forward from one period to the next.
When a business follows the GAAP of ____, revenue is recorded on the date it is earned.
A(n) ____ occurs when the owner takes assets out of the business for personal use.
The normal balance for expense accounts is a
The normal balance for the owner's withdrawals account is a
An increase to a revenue account is a Answer
The balance of the asset account is $473.44. If the account is credited in the amount of $38.64 and debited in the amount of $130.77, What is the new balance?
a person whose job is to keep or inspect financial accounts.
clerk records transactions in billing, purchasing, payroll, accounts payable or accounts receivable, while a bookkeeper records all these transactions.
a member of an officially accredited professional body of accountants.
popcorn lady
is a type of economy where products, prices, and services are determined by the market, not the government.
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
provides intangible products, such as accounting, banking, and consulting, cleaning, landscaping, education, insurance, treatment, and transportation services.
any business that uses components, parts or raw materials to make a finished good.
an association of two or more people as partners.
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
money owed to a company by its debtors
money owed by a company to its creditors.
the action or process of investing money for profit or material result.

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Economic Terms


running a venture








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