Vous êtes sur la page 1sur 4

1.

Assets = Liabilities + Owner equity

2. Balance sheet:

In financial accounting, a balance sheet or statement of financial position is a


summary of the financial balances of a sole proprietorship, a business partnership or a
company. Assets, liabilities and ownership equity are listed as of a specific date, such as
the end of its financial year.

Asset:

In financial accounting, assets are economic resources. Anything tangible or intangible


that is capable of being owned or controlled to produce value and that is held to have
positive economic value is considered an asset

Liability:

A liability can mean something that is a hindrance or puts an individual or group at a


disadvantage, or something that someone is responsible for, or something that increases
the chance of something occurring.

Owener Equity:

In accounting and finance, equity is the residual claim or interest of the most junior
class of investors in assets, after all liabilities are paid. If valuations placed on assets do not
exceed liabilities, negative equity exists. In an accounting context.

3. NO.

4.

5. Asset = L+ OE.

6. Debit and credit are formal bookkeeping and accounting terms. They are the
most fundamental concepts in accounting, representing the two sides of each
individual transaction recorded in any accounting system. A debit indicates an
asset or an expense transaction, a credit indicates a transaction that will cause a
liability or a gain. A debit transaction can also be used to reduce a credit balance
or increase a debit balance. A credit transaction can be used to decrease a debit
balance or increase a credit balance.

• Asset increase means debit.

Debit Credit C
Money|Asset = Liability+ OE

Credit debit D

7. A journal entry, in accounting, is a logging of transactions into accounting


journal items. The journal entry can consist of several items, each of which is
either a debit or a credit

after a transaction occurs and a source document is generated, the transaction is analyzed and
entries are made in the general journal. A journal is a chronological listing of the firm's
transactions, including the amounts, accounts that are affected, and in which direction the
accounts are affected. A journal entry takes the following format:

Format of a General Journal Entry

Date Accounts Debit Credit


mm/dd account to be debited xxxx.xx
account to be credited xxxx.xx
8. A business is an organized activity to sell a product or service to various
customers on a regular basis. To start a business enterprise, you first need a
good idea and a plan of action. Then you must implement your plan by gaining
financing, getting the product or service to sell, finding prospects, selling and
making the exchange

9.

10.

11.
12. Capital gain=An increase in the value of a capital asset; An amount by which the
value or the proceeds of the sale of a capital asset by its owner exceed its cost
to the owner

13. Earnings per share (EPS) is the amount of earnings per each outstanding share of a company's stock.

In the United States, the Financial Accounting Standards Board (FASB) requires companies' income
statements to report EPS for each of the major categories of the income statement: continuing operations,
discontinued operations, extraordinary items, and net income.

16.

17.

18.

19. Accrual (accumulation) of something is, in finance, the adding together of interest or different investments
over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that
represent liabilities and non-cash-based assets used in accrual-based accounting. These types of accounts include,
among others, accounts payable, accounts receivable, goodwill, deferred tax liability and future interest expense.[1]

For example, a company delivers a product to a customer who will pay for it 30 days later in the next fiscal year,
which starts a week after the delivery. The company recognizes the proceeds as a revenue in its current income
statement still for the fiscal year of the delivery, even though it will get paid in cash during the following accounting
period.[2] The proceeds are also a accrued income (asset) on the balance sheet for the delivery fiscal year, but not for
the next fiscal year when cash is received.

20 . A transcription error is a specific type of data entry error that is commonly made by human operators or by
optical character recognition programs (OCR). Human transcription errors are commonly the result of typographical
mistakes, putting fingers in the wrong place during touch typing is the easiest way to ascertain this error[1]. A slang
term "stubby fingers" is used for people who commonly make this mistake. Electronic transcription occurs when the
results of a scan of printed matter is compromised or in an unusual font e.g. - if the paper is crumpled, or the ink is
smudged when wet, the OCR may have a transcription error when reading.

Examples of Transcription ErrorInput : Gtegory


Instead of : Gregory

Input : 34rd of August


Instead of : 23rd of August

Input : Jishua
Instead of : Joshua
21.

22.