HSM 260 CheckPoint Definition Scavenger Hunt 884152 (1)

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CheckPoint: Definition Scavenger Hunt

Define each of the following basic accounting terms in your own words by finding sources on the Internet.

Provide the URL that supports the definition you have created for each item.

o GAAP- Describes the generalized combined financial statements.

o Basic accounting formula- A human service organization's net worth is found using the basic accounting formula as a system.

o Transaction, t-account- A t-account is named after the two sides that comprise it. A debit side and a credit side are the two sides that comprise a t-account.

g

o General ledger- The general ledger is the t-accounts that an...

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vomms
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12/21/2019
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