HSM 260 week 1

CheckPoint

Definition Scavenger Hunt

Define each of the following basic accounting terms in your own words by finding sources on the Internet.

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 to the Assignment Link