"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 2

This list focuses on the world of business and accounting (Unit 1, Chapter 2).

Here are links to all the chapters of Unit 1, Introduction to Accounting: Chapter 1, Chapter 2

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
28 words 28 learners

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Full list of words from this list:

words only definitions & notes
  1. enterprise
    an organization created for business ventures
  2. profit
    excess of revenues over outlays in a given period of time
  3. entrepreneur
    someone who organizes a business venture
  4. capital
    assets available for use in the production of further assets
  5. service
    work done by one person or group that benefits another
  6. merchandise
    commodities offered for sale
  7. manufacture
    the act of making something (a product) from raw materials
  8. sole
    not divided or shared with others
  9. proprietor
    someone who owns a business
  10. partnership
    the members of a business venture created by contract
  11. corporation
    a business firm recognized by law as a single body
  12. charter
    a document creating an institution and specifying its rights
  13. manual
    of or relating to the hands
  14. system
    a procedure or process for obtaining an objective
  15. principle
    a basic generalization that is accepted as true
  16. financial
    involving fiscal matters
  17. report
    a document describing findings of some individual or group
  18. management
    those in charge of running a business
  19. entity
    that which is perceived to have its own distinct existence
  20. period
    an amount of time
  21. concern
    a commercial or industrial enterprise
  22. attitude
    a complex mental state involving beliefs and feelings
  23. incur
    make oneself subject to
  24. sufficient
    of a quantity that can fulfill a need or requirement
  25. fundamental
    serving as an essential component
  26. volume
    the magnitude of sound, usually in a specified direction
  27. assumption
    a statement that is held to be true
  28. specific
    stated explicitly or in detail
Created on Wed Oct 19 16:24:08 EDT 2016 (updated Fri Oct 21 17:44:26 EDT 2016)

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