9/5/24, 6:50 PM
Accounting 2220 Exam #1 BGSU
Jeremiah
Practice questions for this set
Terms in this set (27)
provides information used primarily by investors, creditors, and others outside a
Financial Accounting
business
information used by executives, managers, and employees who work inside the
Managerial Accounting
business
GAAP generally accepted accounting principles
Balance Sheet asset + liability = equity at a specific point in time
Income Statement revenues - expenses = net income over a specific accounting period
Accounting 2220 Exam #1 BGSU
1/2
Accounting 2220 Exam #1 BGSU
Jeremiah
Practice questions for this set
Terms in this set (27)
provides information used primarily by investors, creditors, and others outside a
Financial Accounting
business
information used by executives, managers, and employees who work inside the
Managerial Accounting
business
GAAP generally accepted accounting principles
Balance Sheet asset + liability = equity at a specific point in time
Income Statement revenues - expenses = net income over a specific accounting period
Accounting 2220 Exam #1 BGSU
1/2
