"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 27

This list focuses on the introduction to partnerships (Unit 6, Chapter 27).

Here are links to all the chapters of Unit 6, Additional Accounting Topics: Chapter 27, Chapter 28, Chapter 29

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
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Full list of words from this list:

words only definitions & notes
  1. partnership
    a contract between persons who agree to share profits
  2. agreement
    the statement (oral or written) of an exchange of promises
  3. mutual
    common to or shared by two or more parties
  4. agency
    the state of being in action or exerting power
  5. professional
    characteristic of or befitting a special line of work
  6. unique
    applying exclusively to a given category or condition
  7. feature
    a prominent attribute or aspect of something
  8. voluntary
    of your own free will or design
  9. cease
    have an end, in a temporal, spatial, or quantitative sense
  10. loyalty
    the act of binding yourself to a course of action
  11. joint
    affecting or involving two or more
  12. venture
    a commercial undertaking that risks a loss
  13. association
    a social or business relationship
  14. dissolve
    bring the association of to an end or cause to break up
  15. responsible
    worthy of or requiring trust; held accountable
  16. consent
    permission to do something
  17. equal
    having the same quantity, value, or measure as another
  18. fraction
    a small part or item forming a piece of a whole
  19. investment
    laying out money or capital in an enterprise
  20. basis
    the fundamental assumptions from which something is begun
Created on Wed Oct 19 17:28:59 EDT 2016 (updated Fri Oct 21 17:33:00 EDT 2016)

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