accounting - the process of planning, recording, analyzing and interpreting financial information, accounting system - a planned process designed to compile financial data and summarize the results in accounting records and reports, asset - anything of value that is owned, business ethics - the use of ethics in making business decisions, equity - the difference between assets and liabilities, financial statements - financial reports that summarize the financial condition and operations of a business, liability - an amount owed, net worth statement - a formal report that shows what an individual owns, owes and the difference between them, personal net worth - the difference between personal assets and personal liabilities ,

Accounting 1-1 Vocab

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