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HSM 260 Week 1 Definition Scavenger Hunt
Define each of the following basic accounting terms in your own words by carefully finding sources on the Internet that apply to a non-profit service organization, which we are studying in this course, and not a for-profit company.
Provide the URL that supports the definition you have created for each item.
- GAAP
- Basic accounting formula
- Transaction, t-account
- General ledger
- Debit
- Credit
- Account balance
- Trial balance
- Journal
- Assets
- Liabilities
- Net assets
- Accounts receivable
- Accounts payable
- Revenues
Post your definitions as a Microsoft® Word attachment