| A | B |
|---|
| transaction | An activity that affects the financial condition of a businessis a[n]_____. |
| accounting | The system used to record,classify,summarize,and interpret the financial data of a business is_____. |
| Fiscal year | A 12-month accounting period is a[n]_____. |
| Owner's equity | The money and other resources an owner invest in a business is _____. |
| Assets | The _____ of a business are anything of value that a business owns. |
| Treasurer | The _____ of a business manages the firm's cash and investments. |
| Liabilities | The _____ of a business are anything a business owes. |
| Return | The gain or loss that result from an investment over a specified period is the _____. |
| Controller | A company's chief accountant is the _____. |
| Net loss | A business has a[n] _____ if expenses are greater than total revenue. |
| Risk | A business's uncertainty of gaining or losing is its _____. |
| Net income | A business has a[n] _____ if total revenue is greater than expenses. |
