Nascla glossary of terms Study guides, Class notes & Summaries

NASCLA Glossary of TermsAccelerated depreciation - correct answer an asset is depreciated at a higher rate during the early part of its useful life permitting larger tax deductions Acceptance (legal) - correct answer an agreement to an offer made and generally is done by signing the offer Accounting cycle - correct answer process that happens each financial reporting period, starting with recording financial transactions and goes through analysis of financial statements Accounts receiva...

NASCLA Glossary of Terms Question and answers 100% correct 2023/2024 Accelerated depreciation - correct answer an asset is depreciated at a higher rate during the early part of its useful life permitting larger tax deductions Acceptance (legal) - correct answer an agreement to an offer made and generally is done by signing the offer Accounting cycle - correct answer process that happens each financial reporting period, starting with recording financial transactions and goes through anal...

NASCLA Glossary Of Terms With Solutions 2024. Accelerated depreciation - correct answer an asset is depreciated at a higher rate during the early part of its useful life permitting larger tax deductions Acceptance (legal) - correct answer an agreement to an offer made and generally is done by signing the offer Accounting cycle - correct answer process that happens each financial reporting period, starting with recording financial transactions and goes through analysis of financial stateme...

NASCLA BUSINESS LAW GLOSSARY OF TERMS Question and answers 100% correct 2023/2024Account - correct answer a separate record of an asset, liability, income, or expense of a business Accounting - correct answer the process for recording, summarizing, and interpreting business financial records Accounting Method - correct answer the method of recording income and expenses for a business; can be either accrual method or cash method Accounting System - correct answer the specific system of r...

NASCLA BUSINESS LAW GLOSSARY OF TERMSAccount - correct answer a separate record of an asset, liability, income, or expense of a business Accounting - correct answer the process for recording, summarizing, and interpreting business financial records Accounting Method - correct answer the method of recording income and expenses for a business; can be either accrual method or cash method Accounting System - correct answer the specific system of record-keeping used to set up the accounting ...

NASCLA BUSINESS LAW GLOSSARY OF TERMS FINAL TEST QUESTIONS 2024. Account - correct answer a separate record of an asset, liability, income, or expense of a business Accounting - correct answer the process for recording, summarizing, and interpreting business financial records Accounting Method - correct answer the method of recording income and expenses for a business; can be either accrual method or cash method Accounting System - correct answer the specific system of record-keeping u...