Define the following

1 Accounting
2 bookkeeping
3 double entry bookkeeping
4 public accounting
5 private accounting
6 auditing
7 taxation
8 managerial accounting
9 single proprietorship
10 partnership
11 corporation
12 service company
13 merchandising company
14 manufacturing company
15 business entity concept
16 going concern
17 time period assumption
18 unit of measurement assumption
19 accrual basis
20 matching principle
21 Financial statements
22 statement of comprehensive income
23 statement of financial position
24 statwment of changes in owner's equity
25 statement of cash flows
26 notes to financial statements
27 relevance
28 reliability
29 understandability
30 comparability
31 assets
32 liabilities
33 capital
34 cash
35 accounts receivable
36 notes receivable
37 merchandise inventory
38 supplies
39 prepaid expenses
40 equipment
41 furnitures & Fixtures
42 intangible assets
43 franchise
44 copyright
45 patents
46 trademarks
47 computer software
48 accounts payable
49 notes payable
50 mortgage payable
51 salaries payable
52 interest payable
53 taxes payable
54 utilities payable
55 unearned revenue
56 sales
57 service revenue
58 professional fees
59 rent income
60 interest income
61 fees earned
62 subscription revenue
63 commissions earned
64 expenses
65 salaries expense
66 taxes & licenses
67 rent expense
68 advertising expense
69 miscellaneous expense
70 drawing