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Give definition - owners equity
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Debit
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Profit
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Journal
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Cash receipts
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Liability
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Income
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
Give definition - Sole Trader
Expesnse
Keep track of the sales of items when cash is received
1 individual runs and owns the entire business
A record of financial transactions in order by date
A company's financial debt
Money that a business or individual receives in exchange for providing goods or a service
A financial gain between the money earned and the money spent
The owner's share of assets of a business
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