On a separate sheet of paper, write a brief definition for each of the following terms: accounting
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On a separate sheet of paper, write a brief definition for each of the following terms:
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accounting period accounting system business entity charter computerized accounting system corporation entrepreneur financial accounting financial reports free enterprise system GAAP going concern management accounting manual accounting system manufacturing business merchandising business partnership service business sole proprietorship
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a An accounting period is the period of time that a business uses to keep track of its financial activity b An accounting system allows individuals to understand and control how their business is doin...View the full answer
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