Accounting 1st 9-Weeks Part 1

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

An amount entered on the right side of the T account

The increase side of an account

A financial recordkeeping system in which each business transaction affects at least two accounts.

When an owner takes cash or other assets from the business for personal use

Income earned from the sale of goods or services

The debts of a business

States that the assets of the business equal the liabilities plus the owner's equity

An economic event that causes a change in the assets, liabilities, or owner's equity of a business