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Accounting Terms CH3

TermDefinition
Account A subdivision under assets, liabilities, or owner's equity.
Accounting Expression (Equation) Assets = Liabilities + Owner's Equity Property + Creditor's Financial Claim + Owner's Financial Claim
Accounts Recievable Total Amount of money owed to a business, money to be received later because of the sale of goods or services on credit.
Assets
Business Transactions
Credit
Creditor
Equities
Expense
Financial Claims
Investment
Liabilities
On Account
Owner's Equity
Property
Revenue
Withdrawal
Created by: 592523
Popular Accounting sets

 

 



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