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|A subdivision under assets, liabilities, or owner's equity that summarizes the changes and shows the balance for a specific item.
|The accounting relationship between assets and the two types of equities. Assets= liabilities+owner's equity.
|The amount of money owed, or payable, to the creditors of a business
|The amount of money owned to a business by its credit customers
|Property or items of value owned by a buisness
|An economic event that causes a change-either an increase or a decrease- in assets, liabilities, or owner's equity
|An agreement to pay