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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 |