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changes the affect of the accounting equation

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Term
Definition
show Planning, recording, analyzing , and interpreting financial information  
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show A plan process for providing financial information that will be useful to management  
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accounting record   show
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show a business that performs an activity for a fee  
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show a business owned by one person  
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show Financial reports that summarize the financial condition and operations of a business  
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Asset   show
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equities   show
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Liability   show
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Owner's equity   show
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Accounting equation   show
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show a business activity that changes assets, liabilities, and owner's equity  
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show a record summarizing all the information pertaining to a single item in the accounting equation  
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show the name given to an account  
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Account balance   show
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Capital   show
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Revenue   show
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show A sale for which cash will be received at a later date  
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Expense   show
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show assets taken out of business for the owner's personal use  
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ethics   show
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business ethics   show
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Created by: keri.faulkner03
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