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Accounting Terms

for mcarlin

Assets cash, land,accounts receivable, supplies, prepaid insurance, prepaid rent, buildings, automobiles, store equipment, office equipment, patent, trademark, copywrite, goodwill, etc.
Liabilities accounts payable, wages payable, taxes payable, notes payable, mortgage payable, interest payable, unearned rent, unearned fees, unearned subscriptions, etc.
Owner's Equity _______________ capital _______________ drawing
Revenue fees earned, fares earned, commission revenue, interest revenue, sales, etc.
Expenses salaries expense, wages expense, payroll tax expense, insurance expense, supplies expense, depreciation expense, rent expense, miscellaneous expense, utilities expense, advertising expense, interest expense, etc.
Created by: mcarlin