Accounting 1 Word Scramble
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| Question | Answer |
| Transaction | A business activity that changes assets, liabilities, or owner's equity. |
| Account | A record summarizing all the information pertaining to a single item in the accounting equation. |
| Account Title | The name given to an account. |
| Account Balance | The amount in an account |
| Capital | THe account used to summarize the owner's equity in a business. |
| Revenue | An increase in owner's quity resulting from the operation of business. |
| Sale on Account | A sale for which cash will be received at a later date. |
| Expense | A decrease in owner's quity resulting from the operation of a business. |
| Withdrawals | Assets taken out of a business for the owner's personal use. |
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bijal9624
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