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Accounting terms CH3
Term | Definition |
---|---|
ACCOUNT | Subdivision under assets, liabilities or owner's equity |
ACCOUNTING EQUATION | Assets= liabilities + owner's equity |
ACCOUNTS PAYABLE | Amount of money owed, or payable, to the creditors of a business |
ACCOUNTS RECIEVABLE | |
ASSETS | |
BUSINESS TRANSACTION | |
CREDIT | |
CREDITOR | |
EQUITIES | |
EXPENSE | |
FINANCIAL CLAIM | |
INVESTMENT | |
LIABILITIES | |
ON ACCOUNT | |
OWNER'S EQUITY | |
PROPERTY | |
REVENUE | |
WITHDRAWAL |