Section 6

Match it! Select the correct answer from the pull down...Good luck!

The equation for accounting is

Learning how to keep records of a business is called

The value of the borrower's possessions, including money and property owned

Identifying trends in the industry is the purpose of the __

This statement covers 6 months or a year of revenue, expenses and net income or loss from operations

Being accurate and up to date is important component in accounting

Controlling expenses is important in accounting because of good record keeping

A report that list company's assets, liabilities, and owner's equity