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4
|
the amount of money owed, or payable, to the creditors of a business
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5
|
a list of all accounts used by a business
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7
|
the increase side of an account
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8
|
goods buought to resell to customers
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9
|
an all-purpose journal in which all the transactions of a business may be recorded
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10
|
the financial claims to the assets of a business
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11
|
accounting period that begins on Jan. 1 and ends on Dec. 31
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14
|
the process of recording business transactions in a journal
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15
|
an entry on the left side of an account
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1
|
a tool used to show the dollar increase or decrease in an account caused by a transaction
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2
|
money supplied by investors, banks, or owners of a business
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3
|
generally accepted accounting principles
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4
|
assets = liabilities + owner's equity
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6
|
a chronological record of the transactions of a business
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12
|
an agreement to pay for a purchase at a later time; an entry on the right side of an account
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13
|
an accounting period of 12 months
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